A decrease in value of a fixed asset due to age, wear and tear is known as:?

(A) Depreciation (Reduction in value) over a period of time

That is DEPRECIATION of fixed assets. Answer is A.

Option A is the right answer.

the monthly or yearly decrease in value is called depreciation. the total decrease in value from the time of purchase to a specific date is called accumulated depreciation and the residual value is the book value

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Answer is A) Depreciation due to age, wear &  tear of Fixed Asset is normally known as

A decrease in value of a fixed asset is known as Depreciation.

A- Depreciation of fixed assets.