Which of the following statements is correct about Depreciation?

A. Depreciation cannot be provided in case of loss in a financial year
B. Depreciation is a charge against profit
C. Depreciation is provided in the books only when there is profit
D. Depreciation is an appropriation of profit

Right Answer: Depreciation is a charge against profit

February 22, 2018   Asghar Khan    Accounting  
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