What is meant by "depreciation"? - SchoolNGR

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What is meant by "depreciation"?

What is meant by "depreciation"?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Increase in the value of an asset over time
B Decrease in the value of an asset over time
C Total revenue generated by an asset
D Profit earned from an asset
E Cost of maintaining an asset

Correct Answer: Option B

Explanation:
Depreciation is the decrease in the value of an asset over time.

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