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Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Under the Double Account System, how is the replacement of an old asset handled when a new asset is acquired?a)The old asset is written off, and the new asset is capitalized.b)Depreciation is charged to the asset account.c)The old asset remains in the books at its book value.d)Both old and new assets are expensed.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.