Home › CBSE Class 11 (Commerce) › Accountancy › Depreciation, Provisions and Reserves › Which feature must a depreciable asset have?
Which feature must a depreciable asset have?
AIt is held for sale
BA limited useful life
CA nil purchase cost
DAn unlimited life
Answer & Solution
Correct answer: B. A limited useful life
AS-6 treats assets with a limited useful life, used over more than one period, as depreciable.
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