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Depreciation is decline in the value of fixed asset (except land) such fall is of permanent in nature. It decreases only the book value of the asset, not the market value. Not used in case of wasting assets. Not lead to cash outflow.
Depreciation is decline in the value of fixed asset (except land) such fall is of permanent in nature. It decreases only the book value of the asset, not the market value. Not used in case o…