Depreciation of fixed capital assets refers to:
Depreciation of fixed capital assets refers to:
(a) Normal wear and tear
(b) Foreseen obsolescence
(c) Normal wear and tear, foreseen obsolescence
(d) Unforeseen obsolescence
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Ans – (c)
Depreciation:- Depreciation refers to a fall in the value of fixed assets due to normal wear and tear, passage of time or forseen obsolescence (change in technology).
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