Accounting · Depreciation
Obsolescence in the context of fixed assets means a decline in value primarily due to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Innovation, invention, or changes in technology and demand✓
- 2Effluxion or passage of time
- 3Physical wear and tear from usage
- 4Fall in the general market price level
Correct answer
Innovation, invention, or changes in technology and demand
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Depreciation MCQs →Want more practice questions on Depreciation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Depreciation