Depreciation: Fill In the Blanks
Depreciation is a
for the business.
Depreciation is regarded as a part of the
Depreciation is charged on
Depreciation is not charged in the case of
Depreciation is charged against the
of an accounting period.
Depreciation does not depend on fluctuations in the
value of assets.
in the value of an asset is known as depreciation.
The main aim of providing depreciation is to calculate
Losses on the sale of machinery are credited to the
The amount of depreciation charged on machinery is debited to the
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.