What term describes the decrease in an asset's value caused by regular use and the passage of time?

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Subject: Engineering Economycivil-engineering-mcqs › engineering-economy
Published: 21 Jan 2019
Last updated: 28 May 2026

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Explanation

Depletion refers to the reduction of natural resources, inflation is the rise in general price levels, depreciation is the loss in value of an asset over time due to use, and deflation is a decrease in the general price level.

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What term describes the decrease in an asset's value caused by regular use and the passage of time?

Explanation

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