Depreciation is: (1)(i) Explicit cost (ii) Implicit cost(iii) Fixed cost (iv) Variable cost

Depreciation is: (1)(i) Explicit cost (ii) Implicit cost(iii) Fixed co

1.	Depreciation is: (1)(i) Explicit cost (ii) Implicit cost(iii) Fixed cost (iv) Variable cost
Answer» Explicit cost<br>The costs which involve outflow of cash due to the use of factors of production is known as Explicit Cost. Depreciation is a Deemed Explicit Cost, as the cost of the asset is apportioned during the useful life of the asset.\xa0