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Is depreciation the loss of value of fixed assets?

Is depreciation the loss of value of fixed assets?

Vikram Trainee Asked on October 30, 2014 in Financial Services.
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Yes depreciation is the loss in the value of the fixed asset due to its daily wear and tear. Any asset which is used and even if not used has some corrosion in its value. This decrease in value is know as depreciation.

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ingrid Trainee Answered on October 30, 2014.
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