_________________ includes amortisation of assets whose useful life is pre-determined.

Appreciation

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Depreciation

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Valuation

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Validation

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Solution

The correct option is A Depreciation
Depreciation is provided on fixed assets on account of wear and tear of the asset by using them. Depreciation is provided on assets based on the useful life of the assets.
The main objective of providing depreciation is to allocate the cost of asset to profit & loss account during the estimated life of the assets.
Depreciation includes amortization of assets whose useful life is pre- determined like patents, copyright, etc.

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