Depreciation applies to ?
a) Fixed assets
b) Intangible assets
c) current assets
Answers
Answered by
8
Answer:
A
Explanation:
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Answered by
2
Answer:
Depreciation shall be the answer
Explanation:
Depreciation applies both to tangible property such as machinery and buildings and to intangibles of limited life such as leaseholds and copyrights. It does not apply to land. For convenience, depreciation accounts are usually kept for groups of assets with similar characteristics and working life.
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