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Write the word/term/phrase which can substitute the following statement: Excess of Selling price of fixed asset over its Written Down Value.

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Question

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

Method of depreciation that cannot reach to zero value.

One Word/Term Answer
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Solution

Method of depreciation that cannot reach to zero value. - Reducing/ Diminishing balance method

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Chapter 7: Depreciation - Exercises [Page 242]

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