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Define Depreciation?

1. Define Depreciation?

1. An increase in the value of an asset over time.
2. Resource diminishes over the long run because of utilization.
3. Assets that can quickly be turned into cash.
4. Possession of assets over liabilities.

Answer: B) Resource diminishes over the long run because of utilization.

Explanation:

Depreciation, for example, an abatement in a resource's worth, might be brought about by various elements also, negative economic situations, and so forth Apparatus, hardware, money are a few instances of resources that are probably going to devalue throughout a particular timeframe. The inverse of devaluation is an appreciation which is an expansion in the worth of a resource throughout some period.