Reduction in the book value of an asset over a period of time is called
A) Appreciation
B) Depreciation
C) Proportion
D) Depletion
Correct Answer:
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Q38: Loss on sale of machinery will be:
A)Debited
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Q41: Which among the following is not a
Q42: Depreciation is charged on
A)Current asset
B)Fixed asset
C)Intangible asset
D)Current
Q43: Depreciation helps in determining
A)Accurate level of profit
B)Increases
Q44: The asset which is an exception from
Q45: Which of the following is true about
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