Economics · Accounting
Which of the following statements is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The portion of the acquisition cost of a tangible asset which is yet to be allocated is known as accumulated value.
- 2The portion of the acquisition cost of a tangible asset which is yet to be allocated is known as realisable value.
- 3The portion of the acquisition cost of a tangible asset which is yet to be allocated is known as depreciation.
- 4The portion of the acquisition cost of a tangible asset which is yet to be allocated is known as written-down value.✓
Correct answer
The portion of the acquisition cost of a tangible asset which is yet to be allocated is known as written-down value.
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