Which statement is FALSE?
A) Depreciation is caused by the physical wear and tear of a...
Which statement is FALSE?
A) Depreciation is caused by the physical wear and tear of a plant asset.
B) Depreciation is caused by obsolescence of a plant asset.
C) Depreciation is not based on changes in the market value of a plant asset.
D) Accumulated depreciation is a cash fund to be used to replace a plant asset when it wears out.
Answers: 2
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