Depreciation is a ________ shrinkage in the book value of a fixed asset.

Permanent

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Continuous

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Gradual

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Any of the above

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Solution

The correct option is C Any of the above
solution:
Depreciation is defined as “a permanent, continuing and gradual shrinkage in the book value of a fixed asset due to use, wear and tear.
hence any of the above is right
hence the correct option: D

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Depreciation is a ________ shrinkage in the book value of a fixed asset.

The correct option is C Any of the abovesolution:Depreciation is defined as “a permanent, continuing and gradual shrinkage in the book value of a fixed asset due to use, wear and tear.hence any of the above is right hence the correct option: D

The correct option is C Any of the above
solution:
Depreciation is defined as “a permanent, continuing and gradual shrinkage in the book value of a fixed asset due to use, wear and tear.
hence any of the above is right
hence the correct option: D