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Answer Posted / anithajayanna
The term depreciation represents loss or diminution in the value of an asset consequent upon wear and tear ,obsolescence, effluxion of time or fall in market value.
Methods of Depreciation
1.Fixed installment Method
2.Diminishing Balance Method
3.Annuity Method
4.Depreciation Fund Method
5.Straight Line Method
6.Replacement Cost Method
7.Statutory Method
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