Accounting · Depreciation
Which of the following is a characteristic feature of depreciation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Depreciation applies to current assets like inventory and cash
- 2Depreciation is a continuous and gradual process of asset value reduction✓
- 3Depreciation represents a future estimated cost
- 4Depreciation is a cash expenditure
Correct answer
Depreciation is a continuous and gradual process of asset value reduction
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