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Write the word/term/phrase which can substitute the following statement: The type of asset on which depreciation is charged. - Book Keeping and Accountancy

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Question

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

The type of asset on which depreciation is charged.

One Word/Term Answer
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Solution

The type of asset on which depreciation is charged. - Fixed asset

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Chapter 7: Depreciation - Exercises [Page 242]

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