Consumption of capital good in the process of production is called as:
A)capital consumption
B)depreciation
C)decay of capital
D)none of the above

Question

Quizplus · Accepted Answer

Depreciation is the correct term used to describe the consumption of capital goods in the process of production. It refers to the wear and tear, obsolescence, or reduction in the value of capital assets over time as they are used in the production process.

Consumption of Capital Good in the Process of Production Is