Accounting · Depreciation Accounting
According to the traditional Accounting Standard-6 (AS-6), depreciation is primarily provided on the basis of the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Historical cost of the asset✓
- 2Market price of the asset
- 3Replacement cost of the asset
- 4Current liquidation value of the asset
Correct answer
Historical cost of the asset
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