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NCERT-DEPRECIATION , PROVISIONS AND RESERVES -TEST YOUR UNDERSTANDING -I
- State whether the following statements are true or false: Depreciat...
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- Depreciation is also charged on current assets
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- Depreciation is decline in the market value of tangible fixed assets
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- The main cause of depreciation is wear and tear caused by its usage.
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- Depreciation must be charged so as to ascertain true profit or loss of...
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- Depletion term is used in case of intangible assets
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- Depreciation provides fund for replacement
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- When market value of an asset is higher than book value, depreciation ...
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- Depreciation is charged to reduce the value of asset to its market val...
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- If adequate maintenance expenditure is incurred, depreciation need not...
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