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      Question

      Depreciation is applicable

      to:
      A fixed assets Correct Answer Incorrect Answer
      B floating assets Correct Answer Incorrect Answer
      C current assets Correct Answer Incorrect Answer
      D intangible assets Correct Answer Incorrect Answer

      Solution

      Depreciation is applicable to: Fixed assets (such as buildings, machinery, vehicles, furniture, and equipment) Depreciation is the term used for the allocation of the cost of tangible fixed assets over their useful lives.

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