Depriciation is?
- an appropriation of profit
- estimated life of an asset
-
loss in the value of fixed asset
- increase in asset value
The correct answer is: C
Explanation
Depreciation refers to the gradual decrease in the value of a fixed asset over time due to factors such as wear an tear, obsolescence, or passage of time. It represents a decrease in the asset's value rather than an increase. As assets are used or become outdated, their value diminishes, which is reflected as depreciation in the financial statements.