Question:
Depreciation will be charged on which of the following?
Depreciation will be charged on which of the following?
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Depreciation applies only to tangible fixed assets, not to current or liquid assets.
Updated On: Dec 18, 2024
- Fixed assets
- Capital
- Current assets
- Liquid assets
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The Correct Option is A
Solution and Explanation
Depreciation is the systematic allocation of the cost of a fixed asset over its useful life. It applies to tangible assets like machinery, buildings, and equipment that deteriorate or lose value over time.
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