What does the term Depreciation mean as used in finance/banking operations?
A. Closure of a Plant due to lock out
B. Reduction in the value/loss of equipment plant over a time due to wear and tear
C. Loss incurred during a year due to plant breakdown
D. Unusually high repair expenses incurred on the plant during the year
Answer:B
What does the term Depreciation mean as used in finance/banking operations?
A. Closure of a Plant due to lock out B. Reduction in the value/loss of equipment plant over a time due to wear and tear C. Loss incurred during a year due to plant breakdown D. Unusually high repair expenses incurred on the plant during the year