Market value of a Motor Vehicle at the time of purchase was ₹ 7,50,000. After two years, its market value is estimated to be ₹ 4,50,000. The reason for fall in the value is:
Market value of a Motor Vehicle at the time of purchase was ₹ 7,50,000. After two years, its market value is estimated to be ₹ 4,50,000. The reason for fall in the value is:
(a) Normal Wear and Tear
(b) Passage to Time
(c) Expected Obsolescence
(d) All of these
Anurag Pathak Changed status to publish December 5, 2023
Ans – (d)
Fall in the market value of the motor vehicle is caused by all four reasons such as normal wear and tear, passgae to time and expected obsolescence.
Anurag Pathak Changed status to publish December 5, 2023
