Economics · Depreciation
Which of the following statements is true in the case of depreciation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Depreciation is a cash expenditure like other normal expenses.
- 2Depreciation cannot be provided in case of loss in a financial year.
- 3Land is a depreciable asset.
- 4Depreciation is the process of allocation of the cost of a fixed asset.✓
Correct answer
Depreciation is the process of allocation of the cost of a fixed asset.
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