Question 14 of 18
Q.Write any two causes of depreciation.
Yanam BieapBIEAP AP Intermediate (2nd Year) Commerce Board 2020Subjective· 2mImportance★★★★★est
78% · 14/18 Questions
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Start your 14-day free trial to unlock the full solution →Two main causes of depreciation are (1) normal wear and tear from the regular use of an asset in business, and (2) the passage of time and obsolescence, where the asset becomes outdated due to new technology or simply loses value over time.
This short concept is from the depreciation chapter of the AP Inter 2nd-year (Class 12) Accountancy syllabus, which follows the NCERT/CBSE commerce curriculum.
- Wear and tear: Continuous use of a fixed asset (such as machinery or furniture) in the business gradually reduces its working capacity and value. This physical deterioration is the most common cause of depreciation. …
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