Depreciation is the loss in value of what?

Q. Depreciation is the loss in value of what?
Answer: Machinery
Notes: The term depreciation represents a loss or diminution in the value of an asset consequent upon wear and tear, obsolescence, effluxion of time or permanent fall in market value. Physical deterioration of an asset is caused from movement, strain, friction, erosion etc. For instance, building, machinery, furniture, etc.

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