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Measures the decline in market value of
an asset
Measures physical deterioration of an
asset
Is the process of allocating to expense the
cost of a plant asset
Is an outflow of cash from the use of a
plant asset
Is applied to land

Question 20. Question :

Plant assets are:

Tangible assets used in the operation of a
business that have a useful life of more than one accounting
period
Current assets
Held for sale
Intangible assets used in the operations of
a business that have a useful life of more than one accounting
period