According to AS-6, ‘Depreciable assets’ are assets which

QuestionsCategory: CommerceAccording to AS-6, ‘Depreciable assets’ are assets which
VideRime Staff asked 3 years ago

According to AS-6, ‘Depreciable assets’ are assets which

a) Are expected to be used during more than one accounting period

b) Have a limited useful life

c) Are held by an enterprise for use in the production or supply of goods and services, for rental to others, or for administrative purposes and not for the purpose of sale in the ordinary course of business.

d) All of the above   (Ans)