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Byju's Answer
Standard XII
Economics
Depreciation
refers to wea...
Question
_______ refers to wear and tear of capital assets.
A
National domestic product
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B
Depreciation
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C
Appreciation
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D
Gross domestic product
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Solution
The correct option is
B
Depreciation
Depreciation refers to the wear and tear of capital assets such as machinery, tools etc.
It is a decrease in the economic value of a company's stock of capital.
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