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LiRa [457]
1 year ago
9

Depreciation is the accountant's estimate of the cost of ______ used up in the production process.

Business
1 answer:
EleoNora [17]1 year ago
3 0

Depreciation is the accountant's estimate of the cost of tangible asset used up in the production process.

<h3>What is the meaning of depreciation?</h3>

This is the term that has to do with the way that the value of an asset would start to reduce over a period of time. It is used to tell us that the useful life of the asset is on  decline due to the fact tat it has been in use for a considerable period of time.

Hence we can say that Depreciation is the accountant's estimate of the cost of tangible asset used up in the production process.

Read more depreciation here: brainly.com/question/1203926

#SPJ1

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Answer:

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