Write the word/term/phrase which can substitute the following statement: The period for which the asset remains in working condition. - Book Keeping and Accountancy

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One Word Answer

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

The period for which the asset remains in working condition.

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Solution

The period for which the asset remains in working condition. - Life period of asset

Concept: Methods of Depreciation
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Chapter 7: Depreciation - Exercises [Page 241]

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