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Which of the following is true in Public sector accounting? Cost of assets is

Which of the following is true in Public sector accounting? Cost of assets is
  • A.
    depreciated on straight line method
  • B.
    depreciated on reducing balance method
  • C.
    expensed in the year of purchase
  • D.
    charged to federation account
  • E.
    not recognized in any form
Correct Answer: Option C
Explanation