Economics · Accounting Concepts
The gradual, permanent, and continuous reduction in the value of tangible fixed assets due to wear and tear, usage, or efflux of time is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Devaluation
- 2Amortization
- 3Depletion
- 4Depreciation✓
Correct answer
Depreciation
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