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What is depreciation? fed 1.00 don Select one: O a. The tendency of money in a bank account to lose value over time. b. The d
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Depreciation :

e) The loss in an asset's value over time.

Depreciation is the reduction in the value of an asset that occurs over time as the asset gets older or as wear and tear occurs. It is an accounting method of allocating the cost of a tangible asset over it's useful life. The basic journal entry for depreciation is to debit the Depreciation Expense account and credit the Accumulated Depreciation account.

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