Computer · Estimation and Costing
Depreciation in valuation accounts for _______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Initial cost incurred during the construction
- 2Reduction in the value of property due to wear, tear, and obsolescence✓
- 3Increase in property value over a period of time
- 4Future prospects and potential expansion of the property
Correct answer
Reduction in the value of property due to wear, tear, and obsolescence
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