Depreciation: Fill In the Blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 18, 2021

1. Depreciation is a for the business.

2. Depreciation is regarded as a part of the of goods.

3. Depreciation is charged on .

4. Depreciation is not charged in the case of .

5. Depreciation is charged against the of an accounting period.

6. Depreciation does not depend on fluctuations in the value of assets.

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

8. The main aim of providing depreciation is to calculate .

9. Losses on the sale of machinery are credited to the .

10. The amount of depreciation charged on machinery is debited to the .

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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