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Question

Net Block ( Book Value ) = Gross Block (cost) - __________.

A
Depreciation Till date
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B
Value till date
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C
Expenses till date
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D
None of the Above
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Solution

The correct option is A Depreciation Till date
Option A is correct One.

Gross Block Means - Total Value of Asset ( Its Original Purchase price+any cap ex)

Net Block Means - Original Value Of Asset( As Above) - Till Date Charged Depreciation

Normally "Accumulated depreciation account " is maintained which is credited by the depreciation charged each year on the asset of the company , Once you debit current period depreciation , such depreciation shall be transferred to Accumulated Depreciation Account.



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