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    Question

    Which one of the following statements is not

    correct?
    A Depreciation is a non-cash expense. Correct Answer Incorrect Answer
    B Depreciation is the process of valuation of assets. Correct Answer Incorrect Answer
    C The main cause of depreciation is wear and tear caused by usage. Correct Answer Incorrect Answer
    D Depreciation must be charged so as to ascertain true profit or loss of a business. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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