General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.9)


Depreciation means

[A]. closure of a plant due to lock out
[B]. closure of a plant due to labour trouble
[C]. loss of equipment over time due to wear and tear
[D]. destruction of a plant in a fire accident

Answer: Option C


No answer description available for this question.

Karthik said: (Jul 8, 2010)  
depreciation means loss of equipment over time due to wear and tear

Hemsh said: (Jul 11, 2010)  
It should be C as it a loss on wear and tear. i.e usage. and then we close our book and accounts to know the right price at present date.

Preeti said: (Oct 9, 2011)  
Depreciation means reduction in value or worth, an allowance in valuation for wear and tear.

Munna said: (Nov 13, 2012)  
Depreciation means reduction in value A CAR NEW X price 30, 00, 00. After 2 year price is 90, 000. It Depreciation. Because of reduction value [ engine +tier + decoration + color + etc. ].

Pravalika said: (Jan 25, 2014)  
Depreciation means decrease in price or value.

Bittu Boss said: (May 8, 2014)  
As far as I think depreciation is a mainly adept for all goods and materials like you purchased a radio and tv you will purchased a long time then= goods+time-depreciation.

Mariraju said: (Oct 29, 2014)  
It is a loss of assets over time due to wear and tear.

Santanu said: (Feb 12, 2015)  
Depreciation is decrease value of assets over the time period. Like you purchase a mobile in 10K, after 6 months when you want to sell it, you will get 6K. This is case of depreciation.

Ma Yu R said: (May 12, 2016)  
Depreciation is a method of allocating the cost of a tangible asset over its useful life.

Depreciation is used in accounting to try to match the expense of an asset to the income that the asset helps the company earn.

Sunil Prusty said: (Sep 6, 2016)  
Depreciation means decrease value of the asset over the time period. So the loss of equipment over time due to wear and tear i.e. this assets value decline by use and loss. So that is the perfect answer.

Vaishisth Welekar said: (Jan 4, 2017)  
Depreciation means actual prize after the use of machine.

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