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Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
MCQ
___________ is a factor which occurs due to decrease in physical volume of asset.
  • ✓
    Depletion
  • B
    Reduction
  • C
    Deduction
  • D
    None
✓

Answer

Correct option: A.
Depletion
The term 'Depletion' refers to the physical deterioration by the exhaustion of natural resources (ore-deposits in mines, oil wells, quarries, timber stands etc.

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