Depreciation is the rate at which the value of the existing capital declines per period as a result of usage or obsolescence.

Name: Depreciation is the rate at which the value of the existing capital declines per period as a result of usage or obsolescence.
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Depreciation represents the decrease in the value of an asset over time due to wear and tear, usage, or obsolescence, typically calculated on a per-period basis for accounting and tax purposes.

Depreciation Is the Rate at Which the Value of the Existing