Multiple Choice
Which of the following statements about depreciation are correct?
A.Depreciation is a way of allocating the cost of a non-current asset to the accounting periods that benefit from its use.
B. Depreciation helps to set aside sufficient cash to buy a replacement once the asset is worn out.
A) Neither of them
B) B only
C) A only
D) Both of them
Correct Answer:
Verified
Correct Answer:
Verified
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