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50.0

3,686 Question 19. Question: Depreciation:

an asset

asset

cost of a plant asset

plant asset

Measures the decline in market value of

Measures physical deterioration of an

Is the process of allocating to expense the

Is an outflow of cash from the use of a

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