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Explain NIT and Depreciation?

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Explain NIT and Depreciation?
  • 1 answers

Varsha Dahiya 5 years, 2 months ago

NIT = indirect tax - subsidies Deprication is loss of value of fixed assets due to (a) normal wear and tear (b) accidental damages (c) expected obsolescence OR deprivation = Gross investment - Net investment
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