Accounting for IGCSE & O level - Accounting Procedures (Section 23 - No. 19)
Which of the following statements is true about depreciation?
It is a valuation method.
It is an allocation method.
It measures the asset's market value.
It represents cash outflow.
Explanation
Depreciation is an allocation method that spreads the cost of an asset over its useful life.
Comments (0)
