Multiple choice

Directions: Choose the correct option for the given question:

Obsolescence is _____ depreciation.

  1. internal

  2. external

  3. direct

  4. indirect

  5. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Obsolescence refers to the decline in the value of an asset due to technological advancements or changes in market demand, which are external factors rather than internal wear and tear.

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