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Depreciation means

A. closure of a plant due to lock out

B. closure of a plant due to labour trouble

C. loss of equipment over time due to wear and tear

D. destruction of a plant in a fire accident

Answer: Option C

Solution(By Examveda Team)

Depreciation means a reduction in the value of an asset over time, due in particular to wear and tear.

This Question Belongs to General Knowledge >> Indian Economy

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