repaired after an accident will not fetch the same price in the market even if it has not been used. Test Your Understanding - I . You are looking at the profit and loss account of three business enterprises. You find the term depletion in first case and amortisation in third case.
State the type of business of two enterprises are into. . A pharmaceutical manufacturer has just developed and registered a patent for a rare medicine. Which term will appear in its profit and loss account regarding the cost of patent written-off.