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Question 24. Which of the following best describe the term Depriciation?Answer:Valuation of fixed asset at the end of the yearVerification of assetsO Allocation of cost of fixed assets over its useful lifeDecreasing the market value of assets |
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Answer» ong>Answer: depreciation is the fall in the value of TANGIBLE fixed assets with EFFLUX to time or accident or obsolescence. Depreciation is a PERMANENT continuing and gradual fall in the value of fixed assets. it reduces the book value of the assets. however it's market value can be different. hope it's helping you!! |
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