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Depreciation is:



A. The salvage value of a fixed asset
B. The amount of money spent in replacing assets
C. The amount spent to buy a fixed asset
D. The part of the cost of the fixed asset consumed during its period of use by the firm

This question is part of FACT - Accounts Question Paper
Asked by Factindia, Last updated: May 24, 2020

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1 Answer

John Smith

John Smith

Answered May 29, 2017

The amount of money spent in replacing assets
 

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