Depreciation is
A) the wearing out of capital over time.
B) the reduction of investment over time.
C) the decline of output over time.
D) the tendency of economies to converge to the same output level.
E) what happens when technology does not advance.

Question

Quizplus · Accepted Answer

Depreciation refers to the decrease in value of a physical asset over time due to wear and tear or obsolescence. It is an expense that is recognized in accounting to reflect the decrease in value of a company's assets.

Depreciation Is