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Surplus derived from the appreciation of fixed assets is regarded in conservative accounting opinion, as a/an: A. fund to be used in the replacement of
Surplus derived from the appreciation of fixed assets is regarded in conservative accounting opinion, as a/an:
A. fund to be used in the replacement of depreciated assets.
B. effective addition to current purchasing power
C. offset for losses due to wear and tear, namely, depreciation and obsolescence
D. credit which should be shown as entirely distinct from other surplus.
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