Question

Fill in the blanks :i. Depreciation represents a __________ in the value of fixed assets.ii. Scrap value of an asset means the _________ that it fetched on sale atthe end of its __________.iii. Depreciation is calculated as cost of assets less scrap value divided by__________.iv. Obsolescence is one of the situations on fixed assets which arises due to
change in ________, and fashion, taste and other market conditions

Answer 1

Answer:

non cash value

cost determine after it sale

life

technology