Depreciation is the reduction of the value of any fixed assets due to their usage for a particular period of time. When these fixed assets are sold to some other person, the value of the asset would be considered as what remains after deducting the depreciation amount. Follow <a href="https://www.youtube.com/channel/UCb5jLRUl4T7YvRjglFs0ITA">Franklin I. Ogele</a> for more upcoming posts.