73. Assertion (A) Depreciation is a charge
against the revenue of the corresponding
period and must be deducted before
arriving at net profit.
Reason (R) Depreciation is as much the
cost as any other expense incurred in
the normal course of business.
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against the revenue of the corresponding
period and must be deducted before
arriving at net profit.
Reason (R) Depreciation is as much the
cost as any other expense incurred in
the normal course of business.
Explanation:
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