UPSC Civil Service Exam Questions - Civil Engineering Questions and Answers

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Discussion :: UPSC Civil Service Exam Questions

Consider the following statements :
1. Book value is the unamortized cost of the asset as it still appears on the accounting books of the business.
2. Termination of economic life implies disposal of the equipment.
Which of the statements given above is/are correct ?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

View Answer