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Management Sciences
MEDIUM
ENGLISH
Management Sciences
Which of the following statements is correct about Depreciation?
A
Depreciation cannot be provided in case of loss in a financial year
Option A
Depreciation is a charge against profit
Correct answer
C
Depreciation is provided in the books only when there is profit
Option C
D
Depreciation is an appropriation of profit
Option D
Correct answer: B
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