Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 3)
What is the depreciation charge for the non-current asset shown on the income statement?
The accumulated depreciation of the asset
The net book value of the asset
The annual depreciation for the current year
The total original cost of the asset
Explanation
The depreciation expense for the year is the charge that goes on the income statement
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