Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 7)
How can depreciation be accounted for in accounting?
Straight line
Reducing balance
Revaluation
Units of production
Explanation
Straight line, reducing balance and unit of production can be accounted for in depreciation. However, revaluation is not a depreciation method. Revaluation can increase or decrease the asset’s value.
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