The depreciation can be defined as “the decline in the market value of an asset”. A machine depreciates (decline in value) because;- it wears out during usage, and – no longer possible to perform its functions well as when it was new.
The depreciation can be defined as “the decline in the market value of an asset”. A machine depreciates (decline in value) because;- it wears out during usage, and – no longer possible to perform its functions well as when it was new.