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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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