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Decline in the value of fixed intangible assets is called…

+1 vote

asked Mar 30, 2019 in Class 12 by kratos

Decline in the value of fixed intangible assets is called…

(a) Amortisation

(b) Depletion

(c) Depreciation

(d) Obsolescence

introduction to accounting
class-11
recording of transactions
class-12
depreciation accounting

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1 Answer

+4 votes

answered Feb 28, 2021 by kratos

Best answer

Decline in the value of fixed intangible assets is called Depreciation.

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