What do you understand by the following terminology Fixed asset Original cost Depreciation Accumulated depreciation Depreciation provision Residual value Net book value Sale of fixed asset account Op...

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What do you understand by the following terminology Fixed asset Original cost Depreciation Accumulated depreciation Depreciation provision Residual value Net book value Sale of fixed asset account Optimum economic life Forecast life Physical life Straight line basis Reducing charge basis Usage basi...

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What do you understand by the following terminology: Fixed asset Original cost Depreciation Accumulated depreciation Depreciation provision

Question:

Step by Step Answer:

Accounting An Introduction

What do you understand by the following terminology: Fixed asset Original cost Depreciation Accumulated depreciation Depreciation provision

Question:

Step by Step Answer:

Accounting An Introduction

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