General Concepts

MCQ - 41-43

Question:

Depreciation is:

The salvage value of a fixed asset
The amount of money spent in replacing assets
The part of the cost of the fixed asset consumed during its period of use by the firm
The amount of money spent in replacing assets

Correct Answer: C

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: Depreciation is:, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 41-43.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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