Which of the Following Facts About Depreciation Is NOT True

Multiple Choice

Which of the following facts about depreciation is NOT true?

A) The profit for the year is reduced as a result of the depreciation charge.
B) Depreciation recognizes the fact that non-current assets have a finite useful life.
C) The accumulated (total) depreciation provided on non-current assets is deducted from their cost to arrive at the net book value of the asset.
D) The depreciation charge for the year is the amount paid out for the asset in that year.