CA CPT Model Test Paper 3 with solutions for online practice

© examsiri.com

Question : 33 of 200

Marks: +1, -0

Which of the following is not true with regard to fixed assets?

They are acquired for using them in the conduct of business operations.
They are not meant for resale to earn profit
They can easily be converted into cash
Depreciation at specified rates is to be charged on most of the fixed assets.

Go to Question:

Prev Question

Next Question