Discussion
Replacement may be prompted by deterioration, changed requirements or
Answer: B
Correct answer: obsolescence
An asset can become uneconomic without wearing out at all, simply because something better now exists or because what the business needs has changed. Obsolescence is often the dominant reason for replacement in fast-moving technology, where a perfectly serviceable machine is displaced by a more efficient one.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development