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Question Practice

What is the primary accounting treatment for additions to an existing asset?

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

What is the primary accounting...

Single Answer MCQ
Q-00054349

What is the primary accounting treatment for additions to an existing asset?

1

Written off immediately as an expense

2

Capitalized and depreciated over the asset's useful life

3

Recorded as a separate asset without depreciation

4

Ignored in financial statements

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