Question

VALUE OF LAND & BUILDING INCREASED TO Rs.1,20,000 (BOOK VALUE IS 1,00,000). THERE IS A/AN..... *
1 point
DEPRECIATION OF Rs. 20,000
APPRECIATION OF Rs. 20,000
NONE OF THE ABOVE
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Answer 1

Answer:

Appreciation of rs 20000

additional info

when value of asset decreases it is called depreciation while when it increases it is called appreciation

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