Answer-What does 'Depreciation' mean?

Depreciation refers to the reduction in the monetary value of a tangible asset due to factors such as wear and tear, obsolescence, or prolonged use. It is an important concept in accounting, reflecting the assets declining value.

Question

What does "Depreciation" mean?

A Shutdown of a plant due to a lockout

B Shutdown of a plant due to labor issues

C Loss in the value of an asset due to wear and tear over time

D Destruction of a plant due to fire

Practice Next

More Beepedia Questions

India has recently achieved an “outstanding outcome” in the 2023-24 Mutual Evaluation Report by the Financial Action Task Force (FATF). According to this r...
When is International Human Solidarity Day observed?
Which type of sailboats are being used in the Match Racing format during Admiral’s Cup 2025?
How much was collected under gross direct taxes in Q1 FY 2025–26?
Recently, GST Council has decided to generate GST e-invoices for B2B transactions for those GST-registered businesses with annual turnover of more than ___...
How many special service camps are planned under the Ungaludan Stalin initiative in Tamil Nadu?
What is the revised GDP growth forecast for India in FY25 according to the ADB?
Which Indian Army regiment is participating in Exercise Harimau Shakti-2025 with the Royal Malaysian Army?
Who was honored at the National Fame Awards 2024 for exceptional contributions in their field?
Who has been roped in as the ambassador of the Russian Film Festival in India?

Relevant for Exams:

Hey! Ask a query

What does "Depreciation" mean?

Detailed Solution

More Beepedia Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login