________ refers to the "wear and tear" that an equipment or structure goes through,eventually making it obsolete.

Name: ________ refers to the "wear and tear" that an equipment or structure goes through,eventually making it obsolete.
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Question

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Depreciation refers to the decline in value of an asset due to wear and tear or obsolescence over a period of time. It is a common accounting concept used to allocate the cost of an asset over its useful life.

________ Refers to the "Wear and Tear" That an Equipment