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What are the differences between the following words? depreciation depletion amortization please explain.

Accounting
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Question added by Mansour Mahmoudi Moghaddam , Own Business , Own Farms and gardens
Date Posted: 2022/10/26
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Alex Mwaniki
by Alex Mwaniki , Assistant Accountant , FORWARD TRAVELLERS SACCO

Depreciation is the reduction in the value of an asset over time due to wear an tear Depletion is the reduction of quantity of an asset while Amortization is the reduction of value for non-tangible assets

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