Economy, asked by anandmalgekar8042, 1 year ago

Unforseen obsolesence of fixed assets is a capital loss?

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Answered by Anonymous

Answer:

Capital loss is a loss of capital which is of abnormal and nonrecurring nature because these losses are unpredictable or unforeseen. For example, loss in value of fixed assets arises because of natural calamities, thefts, accidents and unforeseen obsolescence.

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