Depreciation increase the value of asset.

True

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False

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Solution

The correct option is B False
Depreciation is the process of reduction in the value of asset. Depreciation is the permanent and continuous decrease in the book value of a depreciable fixed asset due to use, effluxion of time, obsolescence, expiration of legal rights or any other cause.

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Depreciation is decline in the value of assets due to:

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