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Answer Posted / abdul hannan
no. absolutely wrong.
depreciation is neither direct nor indorect source of
finance, its is an expense which we actually calculate to
measure the wear n tear of the asset and to make reserve
such that if the asset's life has expired so that we can
purchase new asset,
it is nothing but the decrease in the value of the current
asset.
| Is This Answer Correct ? | 1 Yes | 6 No |
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