Maharashtra State BoardHSC Commerce 11th
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Write the word/term/phrase which can substitute the following statement: A continuous, gradual and permanent reduction in the value of a fixed asset. - Book Keeping and Accountancy

One Word Answer

Write the word/term/phrase which can substitute the following statement:

A continuous, gradual and permanent reduction in the value of a fixed asset.

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Solution

A continuous, gradual and permanent reduction in the value of a fixed asset. - Depreciation

Concept: Depreciation
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