What is a decline in the value of an asset called?
A) inflation
B) deflation
C) amortization
D) depreciation

Name: What is a decline in the value of an asset called? A) inflation B) deflation C) amortization D) depreciation
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Quizplus · Accepted Answer

A decline in the value of an asset is called depreciation. Inflation is the general increase in prices of goods and services, while deflation is the decrease in prices. Amortization is the process of gradually paying off a debt over time.

What Is a Decline in the Value of an Asset