WAEC Accounting 2018 Objective — Question 26
Question 26 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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A fall in value of a fixed asset due to technological changes is described as
- A. superfluity
- B. wear and tear
- C. obsolescenceCorrect
- D. depletion
Explanation
A fall in asset value specifically due to technological change/advancement is called obsolescence.
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