Depreciation – Fill In the Blanks
Written by True Tamplin, BSc, CEPF®
Updated on August 14, 2021
for the business.
Depreciation is considered as a part of
Depreciation is changed in case of
Depreciation is not changed in case of
Depreciation is changed against
of an accounting period.
Depreciation does not depend in fluctuation in the
value of asset.
in the value of asset is known as depreciation.
The main object of providing depreciation to calculate
Loss on sales of machinery will be created to
The amount of depreciation changed on machinery will be debited to