Question

Depreciation is always charged on _____ asset.​

Answer 1

Answer:

tangible asset or fixed, ex. land and building, furniture, etc..

my own answer

Answer 2

Answer:

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Depreciation is always charged on fixed .assets. 

Explanation:

Fixed Asset are those which provides benefits to the business in future years to come. Fixed Asset looses its value due to normal wear & tear and usage. Every year an amount is charged as depreciation on each of the fixed asset. 

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