👉 Deprecations are events or transactions that result in a decrease in an asset's value, as measured by its market price. For example, if a company decides to sell an expensive piece of machinery, it may incur a loss on the sale, which is considered a depreciation expense. Similarly, if a company sells a useful asset at a profit, it is considered a gain on the sale.
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What is the definition of Deprecation? 🙋
👉 In the context of business and technology, "deprecation" refers to a state where an item's value has decreased significantly over time or when it is no longer used as much. This can occur due to various reasons such as technological advancements, changes in market conditions, or simply because the product is less valuable than its original price. Depreciation can be seen as a natural part of business and technology development, where companies are forced to adjust their strategies and pricing based on changing market dynamics. It
