Accounting · Amortisation
Amortisation of preliminary expenses (expenses incurred before the commencement of business) is an example of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capitalising a revenue expenditure for tax purposes.
- 2Creating a specific reserve for asset replacement.
- 3Writing off a fictitious asset against profit over a period.✓
- 4Depreciating a tangible asset over its useful life.
Correct answer
Writing off a fictitious asset against profit over a period.
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