i. assets acquired for the purpose of earning income
ii. extension of office building
iii. it is incurred and its full benefits consumed in one period of account
A. i
B. ii
C. i and ii
D. ii and iii
E. iii
Correct Answer:
Option E – iii
i. assets acquired for the purpose of earning income
ii. extension of office building
iii. it is incurred and its full benefits consumed in one period of account
A. i
B. ii
C. i and ii
D. ii and iii
E. iii
Correct Answer:
Option E – iii
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