Unforeseen obsolescence of fixed capital assets during production is:
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Unforseen obsolescence of fixed capital assets during Production is: (Choose the correct alternative) (a) Consumption of fixed capital (b) Capital loss ...
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Answer:
Unforeseen obsolescence of fixed capital assets during production is capital loss.
Explanation:
Capital Loss is non-recurring in nature. Unforeseen obsolescence of fixed capital assets during production is capital loss that may happen due to natural calamities, war, unexpected decrease in demand, etc.
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