A fixed asset gets depreciated due to _____________.

Wear and tear

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Efflux of time

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Obsolescence

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is A All of the above
A Fixed asset value is Reduced due to following reasons :
a) Wear and tear
b) efflux of time
c) obsolescence
d) change in government policies for these assets
e) natural causes like weather

Suggest Corrections

Similar questions

A company has to disclose depreciation provided on fixed assets and amortization of intangible assets under ___

Join BYJU'S Learning Program