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Depreciation Accounting — Accountancy STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11AccountancyDepreciation Accounting2 Marks
Question
What is wear and tear?
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Answer

The normal use of a tangible asset results in physical deterioration which is called wear and tear. When there is wear and tear, the value of the asset decreases proportionately.

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