Which of the following statements is correct about Depreciation?

Accounting Mcqs

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

Submitted By :Ali Uppal

---

Share this...

Facebook

Twitter

Linkedin

Whatsapp

---

IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG.

PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION.

---

Related Mcqs

• Previous:In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?
• Next:Depreciation is calculated on the____________?

---

Leave a Reply

Your email address will not be published. Required fields are marked *