Depreciation Term Meaning in Real Estate - Guide

The fiscal value of an asset which reduces over time due to usage, wear and tear or obsolescence. This is depreciation, it is also calculated on a set assumption in the books of accounts.

Aarat Pandya

7 years ago

Published Date: Mar 13, 2018

Updated Date: Mar 27, 2024

The fiscal value of an asset which reduces over time due to usage, wear and tear or obsolescence. This is depreciation, it is also calculated on a set assumption in the books of accounts.

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