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When we work with plant assets, we depreciate most of them. What do you understand from the term depreciation ? Why do we record depreciation

When we work with plant assets, we depreciate most of them. What do you understand from the termdepreciation? Why do we record depreciation in accounting? Is it completely related to wear and tear of the asset? Does depreciation have anything to do with the market value of the asset? Does it create a cash reserve in the business?

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