Question : Depreciation is also known as ________________.
Option 1: Current replacement cost.
Option 2: Replacement of cost of fixed capital.
Option 3: Capital Consumption Allowance.
Option 4: All of the above.
Correct Answer: All of the above.
Solution :
Question : Consumption of fixed capital is also known as _____________________.
Question : Loss in the value of fixed assets due to unforeseen obsolescence is known as ______________________- and due to passage of time is known as _______________.
Question : The consumption of fixed capital is also known as_______.
Question : Which accounts are opened when the capital are fixed?
Question : Which of the following statement is incorrect?
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