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Depreciation

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Depreciation

the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate systemSource: Wikipedia

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Depreciation

In simple words we can say that depreciation is the reduction in the value of an asset due to usage, passage of time, wear and tear, technological outdating or obsolescence, depletion or other such factorsSource: Wikipedia

15 facts
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