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    Question

    The monetary value of tractor decreases over time due

    to use, wear and tear. This is known as ____
    A Depreciation Correct Answer Incorrect Answer
    B Maintenance Correct Answer Incorrect Answer
    C Fuel and oil cost Correct Answer Incorrect Answer
    D Repairs Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Depreciation represents the gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors that reduce its utility or market value.

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