N. k. gupta Asked a Question
April 3, 2021 10:22 ampts 30 pts
explain obsolescence and dilapidation in simple and easy work. both are accounting team define these to the point
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  • Rucha rajesh shingvekar Best Answer
    Obsolescence in the business sense is the loss in value of an asset due to loss of usefulness or technological factors; obsolescence describes an asset which is "out of date." Obso...
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  • Rahul
    obsolescence in accounting is when - the assets are no longer being used because it can't produce value for the company (like a company vehicle that doesn't work anymore) Outmode...
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