Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
                                                    Obsolescence means decline in the value due to

    A)  fall in the market price               

    B)  new technology, innovations and inventions

    C)  physical wear and tear

    D)  efflux of time

    Correct Answer: B


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