Assessment of depreciation and the amount to be charged in respect thereof in an accounting period are usually not based on

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Assessment of depreciation and the amount to be charged in respect thereof in an accounting period are usually not based on

a) Market value of the asset  (Ans)

b) Historical cost or other amount substituted for the historical cost of the depreciable asset when the asset had been revalued

c) Expected useful life of the depreciable asset

d) Estimated residual value of the depreciable asset