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Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Financial Forensics Quiz 1 16 Jul 2023 — Question 14

Question 14

+1 markOne correct option

Depreciation is

  1. A

    Reduction in value of the asset due to market movement

  2. B

    Is only a hypothetical number used to reduce profits

  3. C

    The amount spent on buying the asset

  4. D

    Reduction in value of the asset due to/and usage and passage of time

Show answer

Correct answer

  • D

    Reduction in value of the asset due to/and usage and passage of time

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Question 14 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 1 mark.

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