What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?

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asked Dec 21, 2018 185k views

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Tyeomans · Answer 1 · 2018-12-27T14:14:02+0000

Answer:

Depreciation

Step-by-step explanation:

This is the constant drop in the values of an asset over a given period of time. With depreciation, the efficiency and effectiveness of such asset withers.

What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?

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