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Assets are retired for one of three reasons: physical factors or economic factors—or a combination of both. So, which of the following do you think is an example of the economic factor?

 

A)   wear and tear

 

B)    decay

 

C)   casualty factors which hinder the asset from indefinitely

 

D)   B and C

 

E)    None

     

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Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/05/01
Amrit Pal Singh
by Amrit Pal Singh , Lead - FInance , Paniit Alumni Reach for Jharkhand Foundation

B Decay is the economy factor

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