Question

Unexpected oblesence is part of deprication

Answer 1

unexpected obsolescence occurs owing to :- 1) natural calamities

2) economy recession

loss of value of fixed assets owing to unexpected obsolescence is called "CAPITAL LOSS ".

these losses are not a part of depreciation or depreciation reserve fund .

✓✓only expected obsolescence is considered for the estimation of depreciation ,not the unexpected obsolescence.

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