Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Business Arithmetic

Question:
The term depreciation is used for which of the following category of assets?
Options:
Tangible Assets
Current Assets
Intangible Assets
All of the above.
Correct Answer:
Tangible Assets
Explanation:
There are different options available to depreciate (tangible asset) or amortize (intangible asset).