An increase in the value of fixed asset is referred to as:
A. Depreciation
B. Appreciation
C. Market capitalization
D. Reverse depreciation
Answer: Option B
Solution(By Examveda Team)
An increase in the value of fixed asset is referred to as Appreciation. Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates.This Question Belongs to Commerce >> Accounting
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Awesome discussion