Register

35. When an asset, such as a car, decreases in value over time what is it called?

35. When an asset, such as a car, decreases in value over time what is it called?
asked 55.5k views
11 votes
35. When an asset, such as a car, decreases in value over time what is it called?

asked
User Gwinn
by
8.6k points

1 Answer

13 votes
The asset that decreases in value is known as a wasting asset
The decrease in value is called depreciation

Hope that helps
answered
User Mqchen
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Passe para a voz passiva: - Kevin asked Dennis a question -Somebody Build the house last year -She gives him a box
Who is the author of Alice's Adventures in Wonderland'??
why is mercury usually hard to see without a telescope?
Link Copied!