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Which of the following is a feature of depreciation?I. It is decline in the book value of fixed assetsII. It is a continuing process

5211Medium DSSSB TGT Computer Science 0 replies 0 views
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Which of the following is a feature of depreciation?
I. It is decline in the book value of fixed assets
II. It is a continuing process
  • AOnly II
  • BNeither I nor II
  • CBoth I and II
  • DOnly I
Correct answer: C

Explanation

Depreciation is the decline in book value of fixed assets and it continues throughout the asset's life, so both statements are correct.
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