Q. Assertion :Moment of inertia depends on the axis of rotation and the distribution of the mass of the body.
Reason : Moment of inertia is the rotational analogue of mass of the body.

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Solution:

We know that

where are distances of mass etc. from the axis. From the relation it is clear that I depends upon distribution of the masses and position of axis.
So, Assertion is correct.
We know that,
angular momentum
Torque I
If we compare these equations with equations like linear momentum , force , we find that I represents mass in angular motion.