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Question Practice

What is the difference between obsolescence and wear and tear?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

What is the difference between...

Single Answer MCQ
Q-00054246

What is the difference between obsolescence and wear and tear?

1

Obsolescence involves physical damage

2

Wear and tear is gradual, obsolescence is sudden

3

Obsolescence relates to legality

4

Wear and tear affects intangible assets

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