Depreciation – Fill In the Blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 14, 2021

1. Depreciation is for the business.

2. Depreciation is considered as a part of goods.

3. Depreciation is changed in case of .

4. Depreciation is not changed in case of .

5. Depreciation is changed against of an accounting period.

6. Depreciation does not depend in fluctuation in the value of asset.

7. A in the value of asset is known as depreciation.

8. The main object of providing depreciation to calculate .

9. Loss on sales of machinery will be created to .

10. The amount of depreciation changed on machinery will be debited to .

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