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what is depreciation
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Answer / hussain
redusing the value of asset or wear & tear value of asset
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Answer / pratik mishra
The value of tangible goods (can be touched like furniture, computer etc.) getting decreases day by day as it is purchased from a place. It is calculated after the Financial Year ends or when a business wants to sell the specific asset.
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An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?
Audit 
