Accounting for IGCSE & O level - Final Statements (Section 13 - No. 40)
What is the impact of depreciation on an asset's carrying value?
It increases the carrying value.
It decreases the carrying value.
It has no effect on the carrying value.
It increases the asset's market value.
คำอธิบาย
Depreciation reduces the carrying value (book value) of an asset.