Provision for depreciation, Accounting Basics

Why is a provision for depreciation made in the financial statements?

A to charge the cost of non-current assets against profits

B to make a provision for repairs

C to make cash available to replace non-current assets when necessary

D to show the current market values of non-current assetsĀ 

Posted Date: 2/12/2013 7:37:18 AM | Location : United States







Related Discussions:- Provision for depreciation, Assignment Help, Ask Question on Provision for depreciation, Get Answer, Expert's Help, Provision for depreciation Discussions

Write discussion on Provision for depreciation
Your posts are moderated
Related Questions
#Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculatio

Workers compensation insurance Workers compensation insurance provides protection for employees who suffer a job-related illness or injury. Entire cost is generally paid by t

A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00

Q. Show payment of a liability? Accountants are able to easily measure some changes in assets and liabilities such as the acquisition of an asset on credit and the payment of a

A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00


Q. What do you understand by Deferred income? Deferred income -- a liability which arises when a company is paid in advance for services orgoods that will be provided later. Fo

Perth Ltd acquired 80% of the share capital of Summer Ltd on 1 July 2011. The following equity balances appeared in the records of Summer Ltd at the date of acquisition: Share capi

On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bon

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent