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Question :

Factors responsible for depreciation of assets are-
  1. Expected obsolescene.
  2. Passage of time.
  3. Normal wear and tear.
  4. Capital loss

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 1,2&3


Solution :

A capital loss is a loss that results from the decline in value of a capital asset, such as an investment or a piece of real estate. The asset is not sold for less than the original acquisition price before this loss is realised. It occurs as a result of accidents, theft, and other natural disasters.
Hence, Option A is correct.

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