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Depreciation

Decrease in a...

Question

Decrease in an assets value caused by unfavorable market conditions is called _________.

A

depreciation

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B

appreciation

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C

both A and B

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D

none of the above.

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Solution

The correct option is A depreciation
The decrease in an asset's value caused by unfavourable market conditions is called depreciation. This reduction is especially due to wear and tear of the machines

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