Answer:
Yes, versioning is applicable to private assemblies too
There are 2 types of versions:
1)File version
2)Assembly version
File version is the default version that is assigned to any .NET assembly
example: click a .exe and view its properties: File version would always be there
Assembly version is applicable when we create a shared assembly(assembly installed
in a GAC)
Private assemblies do not have Assembly version, but they do have File Version
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