Depreciation of plant can be apportioned on the basis of ........

Accountancy (Phase -I & II) Accounting standards

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Depreciation of plant can be apportioned on the basis of ________.

plant value

plant size

working days

output produced

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Explanation:

In high attrition industries the depreciation rate for plant assets is as short as three years. In more gentle industries asset life may be used up in ten years, some businesses with static equipment, like above ground tanks, might allow 50 years for depreciation of that asset.

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