Explain the meaning of each of the following term in relation to agricultural practices: appreciation, depreciation and salvation

Appreciation: refers to increase in value of an asset (material, tool or equipment) with time or age e.g young farm animals, growing crops, land, etc.

Depreciation: refers to  decrease in the value of asset (building or vehicles or equipment) with time or age e.g tractor, building, implements, etc depreciate.
Salvage value: is the price at which an asset is sold after it has out-lived its usefulness.

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