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Q: Depreciation is loss in value of……….
  • A. Final goods
  • B. Machinery
  • C. Capital stock
  • D. Stock of inventory
Correct Answer: Option B - Machinery, equipment, are some example of assets that are likely to depreciate over a specific period of time, which means the decline in value of asset. It occurs due to wear and tear, obsolescence, falling of resale value, or change in demand for assets.
B. Machinery, equipment, are some example of assets that are likely to depreciate over a specific period of time, which means the decline in value of asset. It occurs due to wear and tear, obsolescence, falling of resale value, or change in demand for assets.

Explanations:

Machinery, equipment, are some example of assets that are likely to depreciate over a specific period of time, which means the decline in value of asset. It occurs due to wear and tear, obsolescence, falling of resale value, or change in demand for assets.