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Commerce · Q356

Accounting

Graduate and Post Graduate · Commerce · question 356

Q356

The assumption underlying the fixed installment method of depreciation is that of ____ of the asset over its useful life

A.
Equal usage
Answer
B.
Usage
C.
Charge
D.
None of the above

Answer: Option A

Solution

Answer: Option A
Solution:
The assumption underlying the fixed installment method of depreciation is that of Equal usage of the asset over its useful life.