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What is Depreciation?
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[QUOTE="Henrylaw, post: 90861, member: 30318"] Depreciation is the reduction in value of commodities or services rendered over a period of time. Depreciation is the opposite of appreciation. The knowledge of depreciation and appreciation help us to know what to call asset and what to call liability. Anything whether be house or car that does not increase in value over time is called liability. Alternatively, anything that increases in value over time is called asset for example, land. Depreciation is caused by a lot of things which include, wear and tear, lack of storage facilities, adverse whether condition, pest, lack of maintenance etc. Food preservation methods helps to maintain the value of food commodities that quickly get spoiled when not preserved. Another method to prevent or reduce depreciation of value of machines is maintenance. [/QUOTE]
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What is Depreciation?
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