Accounting · Depreciation
A gradual, continuous, and permanent decrease in the value of a tangible fixed asset due to wear and tear, passage of time, or obsolescence is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Appreciation
- 2Depletion
- 3Amortization
- 4Depreciation✓
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Depreciation
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