The decline in the economic value of an asset over time is called

Question

Quizplus · Accepted Answer

Depreciation refers specifically to the decline in the value of physical assets, such as buildings, machinery, and equipment, over time due to wear and tear, usage, or obsolescence. Disinvestment refers to the act of selling or withdrawing investment from an asset, while a financial loss refers to a decrease in the value of an asset below its original cost. Intangible capital refers to non-physical assets such as brand reputation, intellectual property, and human capital.

The Decline in the Economic Value of an Asset Over