Fixed assets must be revalued regularly to ensure that the right cost is included in the accounting books. Depreciation is very much necessary for fixed assetsbecause the fixed asset would lose its residual value due to the wear and tear, depletion, passage of time, obsolescence or accidents over a time period.
Total Questions | 10 Questions |
Total Time Limit | 10 Minutes |
S.No. | SUBJECT NAME | TOTAL QUESTION |
---|---|---|
1. | Accounting | 10 |