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 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