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An increase in the value of fixed asset is referred to...

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Accounting
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An increase in the value of fixed asset is referred to as:

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Correct Answer: Option B
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.
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Jatin Basumatary
Jatin Basumatary 9 years ago
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