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Question
Depreciation of fixed capital assets refers to _______________.
Depreciation of fixed capital assets refers to _______________.
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Solution
The correct option is C Normal wear & tear & foreseen obsolescence
Depreciation of fixed capital assets refers to normal wear and tear and
foreseen obsolescence. Depreciation is also called consumption of fixed
capital. Loss of fixed
assets happen on account of normal wear and tear, normal rate of
accidental damages and expected obsolescence.
Depreciation of fixed capital assets refers to normal wear and tear and foreseen obsolescence. Depreciation is also called consumption of fixed capital. Loss of fixed assets happen on account of normal wear and tear, normal rate of accidental damages and expected obsolescence.
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