What is difference between consumption of …
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Yogita Ingle 6 years, 8 months ago
Consumption of fixed capital means the depreciation of fixed assets. It is a loss of value in use because of normal wear and tear, normal rate of accidental damages and expected or foreseen obsolescence. Capital loss is a loss of value of fixed assets but these are not in use. It happens because of natural calamities and fall in market value of assets at times of economic recession.
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