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What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?

User Pspl
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Depreciation is the name
User Nehir
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Answer:

Depreciation

Step-by-step explanation:

This is the constant drop in the values of an asset over a given period of time. With depreciation, the efficiency and effectiveness of such asset withers.

User Tyeomans
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