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Trading & Profit or Loss Account

Depreciable v...

Question

Depreciable value of an asset is equal to _______________.

A

Cost + scrap value

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B

Cost + market price

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C

Cost - scrap value

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D

None of the given options

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Solution

The correct option is A Cost - scrap value
cost-scrap value. There are many methods for calculating the depreciation on fixed assets depending upon a company s policies and purposes.

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