Name two conditions that can cause a capital asset to depreciate
What will be an ideal response?
Capital assets can depreciate due to physical wear and/or the asset becomes obsolete due to a change in technology or consumer tastes and preferences.
Economics
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The supply of product X is inelastic (but not perfectly inelastic) if the price of X rises by:
A. 5 percent and quantity supplied rises by 7 percent. B. 8 percent and quantity supplied rises by 8 percent. C. 10 percent and quantity supplied remains the same. D. 7 percent and quantity supplied rises by 5 percent.
Economics
The unemployed are those people who:
A. Do not have jobs B. Are not employed but are seeking work C. Are not working D. Are not in the workforce
Economics