Question

your company buys a car, and its value goes down over time. what is that process called?
a. leasing
b. depreciation
c. a unit of sale
d. interest

Explanation:

Depreciation refers to the decrease in the monetary value of a tangible asset (like a car) over time due to wear and tear, obsolescence, or usage, which matches the description in the question. Leasing is a rental arrangement for an asset, a unit of sale is a term for a product sold, and interest is the cost of borrowed money, none of which fit the definition of an asset's value decreasing over time.

Answer:

B. Depreciation