Answer / guest

depreciation mean a reduce value in assets there are two
types of depreciation one of theme fixed instalment method
and second is reducing balancing method

Answer / vishwanath k

Depreciation means Declining the value of the Fixed Assets
year by year
Imp Note :Land will not come under Depreciation even though
its fixed assets cuz its value wont decrease usually it
will increase
ex:SraightLine method,Declining balance method,Sum-of-the-
years'-digits method

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