Accounting · Depreciation, Provisions and Reserves
Obsolescence of a depreciable asset may be caused by: I. Technological changes. II. Improvement in production methods. III. Change in market demand for the product or service. IV. Legal or other restrictions.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I, II and III above
- 2Only I and III above
- 3All I, II, III and IV above✓
- 4Only I above
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All I, II, III and IV above
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