External depreciation may be defined as a loss in value caused by an undesirable or hazardous influence offsite.
<h3>What is depreciation?</h3>
Depreciation may be defined as a situation when the financial value of an acquisition declines over time due to exploitation, fray, and incision, or obsolescence.
External depreciation may also be referred to as "economic obsolescence". It causes a negative influence on the financial value gradually.
Therefore, it is well described above.
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