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Analysing Comparative Statement of Profit and Loss

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Question

What is the Latin word for reduction or decline in the value of fixed asset due to its use?

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Solution

The word depreciation has been derived from the Latin word "Depretium" which means "decline" or "reduction" in price or value.

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Q. Give one word/term or phrase for each of the following statements.

Reduction in the value of fixed assets due to its continuous use

Q. Write the word/term/pharse which can substitute each of the following statement :

A gradual, continuous and permanent reduction in the value of Fixed assets due to its use, wear and tear or any other Cause.

Q. The reduction in the value of the fixed assets which can arise due to time factor is:

Depreciation is decline in the value of assets due to:

Q. Depreciation is decline in the market value of tangible fixed assets.

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