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The gradual reduction in value with age of a property is known as _________.
- Arevaluation
- Bappreciation
- Cdepreciation
- Ddevaluation
Answer not set
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0
CCommunity
Depreciations:
It is defined as the gradual decrease in the value of a property because of constant wear, tear and decay etc.
Sinking fund deposited is also taken as depreciation for the purpose of calculation of net value of a property.
The rate of depreciation depends upon the longevity of utility period neglect of maintenance etc. of a property.
Annual Depreciation (D) = (Original cost – Salvage value)/life in years
It is defined as the gradual decrease in the value of a property because of constant wear, tear and decay etc.
Sinking fund deposited is also taken as depreciation for the purpose of calculation of net value of a property.
The rate of depreciation depends upon the longevity of utility period neglect of maintenance etc. of a property.
Annual Depreciation (D) = (Original cost – Salvage value)/life in years
0
CCommunity
Depreciation