Which type of asset class includes those assets which have only definite use and become valueless when the yield is over? | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. Which type of asset class includes those assets which have only definite use and become valueless when the yield is over?

(A) Fixed asset
(B) Current asset
(C) Fictitious asset
(D) Wasting asset

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✅ Correct Answer: (D) Wasting asset

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