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Reported Question / Answer
Q.) What does the term Depreciation mean as used in finance/banking operations?
1)
Closure of a Plant due to lock out
2)
Reduction in the value/loss of equipment/plant over a time due to wear and tear
3)
Loss incurred during a year due to plant break down
4)
Unusually high repair expense incurred on the plant during the year
5)
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Answer :
2
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