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WASSCE
Use the following information to answer questions 23 and 24.
| Le | |
| Sales | 120 000 |
| Purchases | 100 000 |
| Opening stock | 10 000 |
| Closing stock | 20 000 |
A fall in value of a fixed asset due to technological changes is described as
A.
superfluity
B.
wear and tear
C.
obsolescence
D.
depletion
Answer: C
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