Question

Section C carry 6 Marks
Section 1
1. Objective questions. (1x10=10)
a) Depreciation is a:
1. Fall in the value of financial assets due to normal wear and tear and
expected obsolescence.
2. Fall in the value of fixed assets due to normal wear and tear.
3. Fall in the value of fixed assets due to expected obsolescence.
4. Fall in the value of fixed assets due to normal wear and tear and expected
obsolescence.
b) Net investment is equal to:
1. Gross investment -depreciation.
2. Net investment -depreciation.​

Answer 1

a) Fall in the value of financial assets due to normal wear and tear and expected obsolescence.

b) Gross investment - depreciation

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