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Valueless assets are treated as ________________.
Valueless assets are treated as ________________.
A
Tangible Asset
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B
Intangible Asset
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C
Fictitious Asset
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D
Current Asset
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Solution
The correct option is D Fictitious Asset
Assets, which have no market value, are called fictitious assets. Examples of fictitious assets are preliminary expenses etc.
Assets, which have no market value, are called fictitious assets. Examples of fictitious assets are preliminary expenses etc.
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