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Question

If a company continues to use equipment past the useful life that was assumed in determining the depreciation, there will be ___ depreciation expense in those additional years.


A

Rs 1

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B

Nil

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C

Either A or B

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D

None

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Solution

The correct option is B

Nil


If a company continues to use equipment past the useful life that was assumed in determining the depreciation, there will be no depreciation expense in those additional years.


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