Question:
Depreciation is provided in S.L.M. on cost of:
Depreciation is provided in S.L.M. on cost of:
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Depreciation ensures that the cost of a fixed asset is spread over its useful life, matching cost with revenue generation.
Updated On: Dec 18, 2024
- Current Assets
- Liquid Assets
- Fixed Assets
- Fictitious Assets
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The Correct Option is C
Solution and Explanation
Depreciation is charged on Fixed Assets like buildings, machinery, and equipment. These assets have a useful life, and their cost is gradually allocated over their lifespan.
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