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Which of the following may cause depreciation? i. wear and tear ii. obsolescence and passage…

Which of the following may cause depreciation? i. wear and tear ii. obsolescence and passage of time iii. fluctuation
  • A.
    i, ii and iii
  • B.
    i and ii
  • C.
    i and iii
  • D.
    ii and iii
  • E.
    iii
Correct Answer: Option B
Explanation