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.
Answer (1)
18th Jan, 2024
Correct Answer: All of the above.
Solution :
Depreciation is the general wear and tear in the fixed assets. They need replacement from time to time. The other names of depreciation includes, current replacement cost., replacement of cost of fixed capital, and capital consumption allowance.
Hence, Option D is correct.
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