Fixed assets & Depreciation

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.



TEST DETAIL
Total Questions 10 Questions
Total Time Limit 10 Minutes
SUBJECTS INCLUDED
S.No. SUBJECT NAME TOTAL QUESTION
1. Accounting 10