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Doctors Medicines MCQs Q&A

  1. Limited assets
  2. Depreciable assets
  3. Unlimited assets
  4. None of the above
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1 Answers

Answer: Option 2

The assets which have a limited useful life are termed as Depreciable assets. The assets which are held by a business for the production and supply of goods and services, expected to be used for more than an accounting year and have a limited useful life are known as Depreciable Assets.

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