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WAEC Financial Accounting 1995 Question 44

Question 44

Depreciation

Which of the following does not lead to depreciation of assets?

  1. A.Wear and tear
  2. B.Passage of time
  3. C.Devaluation of Naira
  4. D.Obsolescence
  5. E.Usage
Show the answer and explanation

Answer: C (Devaluation of Naira)

Explanation

A change in the currency's value is not a cause of depreciation.