Q90
Depreciation means
A.
closure of a plant due to lock out
B.
closure of a plant due to labour trouble
C.
loss of equipment over time due to wear and tear
AnswerD.
destruction of a plant in a fire accident
Answer: Option C
Solution
Answer: Option C
Solution:
Depreciation means a reduction in the value of an asset over time, due in particular to wear and tear.