Accountancy, asked by krani2890, 6 months ago

assets are recorded in the books at the cost of acquisition and not at market price​

Answers

Answered by SaqlainRafai
1

Answer:

Depreciation of Assets.

Explanation:

The assets are useful in business but after some time the value of assets decrease by its usage and passage of time.Thus,the value of assets is recorded at its book value.

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