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The ware and tear of a fixed assets of a company which is chargeable to company's...


Question

The ware and tear of a fixed assets of a company which is chargeable to company’s financial statement is called ------------------------------

Options

A) appreciation

B) amortization

C) provisions

D) depreciation

The correct answer is D.

Explanation:

Depreciation is the reduction in the service potential of an asset as a result of wear and tear.

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