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AccountancyCLASS 11CBSE

answered 23 Jun 2026

What are the Features of depreciation?

A.VERIFIED ANSWERfact-checked by tutors

Features of Depreciation

It is declined in the book value of fixed assets.
It includes loss of value due to efflux ion of time, usage or obsolescence.
It is continuing process.
It is an expired cost and hence must be deducted before calculating taxable profits.
It is non-cash expense.

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