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Gross block means the total value of all assets which a firm owns.
The gross block of a firm is the sum of total of all assets of the company valued at their cost of acquisition inclusive of the depreciation that has to be charged on each asset.
Gross block is:The total value of all of the assets that a firm owns.Value is determined by the amount it cost to acquire these assets, and it is not decreased to take into account the effects of depreciation.
Total Economic Resources like All Assets
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