The concept of depreciation while widely employed,has little economic basis.

Name: The concept of depreciation while widely employed,has little economic basis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation is an accounting method that allocates the cost of a tangible asset over its useful life, reflecting how the asset's economic value decreases over time due to use, wear and tear, or obsolescence, which has a significant economic basis in representing the consumption of an asset's value.

The Concept of Depreciation While Widely Employed,has Little Economic Basis