Task:

The given content has ( p l a g i a r i s m ) please write it again such that its unique.

Thats all nothing else. ( you may although include more information if need be ) I want the meaning of the content to be same, but ( p l a g i a r i s m ) to be removed. Thanks.

I have premium grammarly so I will check rigorously, please help!

Content: Question1: Depreciation may be caused by obsolescence. True or False?

Answer:

1. Depreciation is an accounting word that refers to a way of allocating the cost of a tangible or physical asset over its useful life. Depreciation is a term used to describe how much of an asset's worth has been consumed. It enables businesses to generate money from their assets by paying for them over a specified length of time. Depreciation is the process of subtracting the whole cost of an expensive item you purchased for your company. You write off sections of it over time rather than completing it altogether in one tax year. You may arrange how much money is written off each year as you depreciate assets, giving you greater control over your budget. When new and better machines are introduced, old machines are phased out. As a result, new innovations, changes in fashion and taste, market conditions, government legislation, and other factors might cause an asset's value to be discarded.

Question2: Depreciation is an expense that's why we get tax benefits. True or False?

2. Depreciation is a kind of expense that appears on the income statement of practically every organization. It is classified as an expenditure, and as such, it should be utilized anytime an item is computed for tax reasons at the end of the year or to assess if an item is still valid for liquidation purposes. Depreciation is the periodic, planned conversion of a fixed asset into an expenditure as a result of the asset's usage in the course of regular company activities, as defined by the IRS. In this case, depreciation is considered an operational expenditure since the asset is used in the course of routine company activities. Depreciation is a cost of doing business that must be paid. Companies often purchase fixed assets for their operations, but these assets may not survive indefinitely. This indicates that the asset's value decreases with each passing year it is in use.