Coupon Accepted Successfully!



Depreciation is a measure of wearing out, consumption or other loss of the value of a depreciable asset. It may arise due to:

  • Use of assets
  • Effluxion of time
  • Obsolescence of assets, through market or technological change

Note: Land is not a depreciable asset since its life is unlimited. 

Test Your Skills Now!
Take a Quiz now
Reviewer Name