Question

With regard to financial terminology related to a home or other asset, the word

Answer 1

Answer:

a. grow in value

Step-by-step explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

This ultimately implies that, it involves specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

With regard to financial terminology related to a home or other asset, the word "appreciate" means to grow in value. Thus, an asset that appreciates simply means that it's growing in value over a specific period of time compared to it's initial value.

On the other hand, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.