Difficulties
Chapter 2: Chapter 2 · ECONOMICS · EN medium
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During a year, Interest on national debt is also considered transfer payments because it is paid by the government to individuals and firms on their past savings without any productive work. . . Difficulties in assessing depreciation allowance The deduction of depreciation allowances, accidental damages, repair and replacement charges from the national income is not an easy task. It requires high degree of judgment to assess the depreciation allowance and other charges.
📖 Class 12 Economics English Medium 2024 Edition www.tntextbooks.in · Page 34
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During a year, Interest on national debt is also considered transfer payments because it is paid by the government to individuals and firms on their past savings without any productive work. . . Difficulties in assessing depreciation allowance The deduction of depreciation allowances, accidental damages, repair and replacement charges from the national income is not an easy task.
It requires high degree of judgment to assess the depreciation allowance and other charges.
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