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Select the most appropriate answer from the alternatives given below and rewrite the sentence: Decrease in the value of fixed assets is known as - Book Keeping and Accountancy

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Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Decrease in the value of fixed assets is known as ______

Options

  • Depreciation

  • Appreciation

  • Combination

  • None of these

MCQ
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Solution

Decrease in the value of fixed assets is known as Depreciation.

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Chapter 7: Depreciation - Exercises [Page 242]

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