CUET Preparation Today
| Which of the following is correct? |
Depreciation is the diminution in the value of fixed assets Amortisation is writing off the amount relating to current assets Both 1 and 2 None of the above |
| Depreciation is the diminution in the value of fixed assets |
| Amortization is the practice of spreading an intangible asset's cost over that asset's useful life. Depreciation is the expensing of a fixed asset over its useful life. |
