state gov Maharashtra Talathi (तलाठी भरती) Mock Test 2023 General Knowledge Economy National Income Accounting
Consider the following statements. -
Statement (I) - Depreciation is a permanent and continuous decrease in the book value of an-asset.
Statement (II) - Depreciation concept is similar to maintenance.
1
Statement (II) is correct and Statement (I} is incorrect.
2
Statement (I) is correct and Statement (II) is incorrect.
3
Both the Statements are incorrect.
4
Both the Statements are correct.