Question

Write about consumption of fixed capital????

Answer 1

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$\bold{Consumption\:of \:fixed capital}$:-

⏩It refers to the loss of value of fixed asser while these are being continuosly used in the process of production

⏩It is the loss due to normal.wear tear,accidental damages etc

⏩It is manged through depreciation rederve fund

Answer 2

Hey ⤵⤵

☆ Consumption of fixed capital is a term used in business accounts and depreciation of fixed assets.....

☆ It refers to depreciation charge against the gross income of producing enterprices.....

♡ Thanks ♡