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35. When an asset, such as a car, decreases in value over time what is it called?

35. When an asset, such as a car, decreases in value over time what is it called?
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35. When an asset, such as a car, decreases in value over time what is it called?

User Gwinn
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The asset that decreases in value is known as a wasting asset
The decrease in value is called depreciation

Hope that helps
User Mqchen
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