i. A continuous, gradual, and permanent reduction in the value of the fixed assets. ii. The expenditure incurred for purchase
Write the word/term/phrase which can substitute each of the following statement:
i. A continuous, gradual, and permanent reduction in the value of the fixed assets.
ii. The expenditure incurred for purchase, installation charges, etc. of an asset.
iii. The amount that a fixed asset is expected to realize at its disposal.
iv. The period for which the asset remains in working condition.
v. The method of depreciation in which the total depreciation is equally spread over the life of the asset.
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i. Depreciation
ii. Cost of Asset
iii. Scrap Value
iv. The life period of asset
v. Fixed Instalment Method
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