CameraIcon

SearchIcon

MyQuestionIcon

266

You visited us 266 times! Enjoying our articles? Unlock Full Access!

Accumulated Depreciation

An alternativ...

Question

An alternative term used for accumulated depreciation expenses?

A

Provision for depreciation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Cumulative depreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Targeted depreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Depletion

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Provision for depreciation

An alternative term used for accumulated depreciation expenses is provision for depreciation.

Suggest Corrections

thumbs-up

2

Similar questions

Q. Which of the following statements is/are false?
I. The term 'depreciation', 'depletion' and 'amortization' have same meaning
II. Provision for depreciation A/c is debited when provision for depreciation is created.
III. The main purpose of charging the Profit and Loss A/c with the amount of depreciated is to spread the cost of an asset over its useful life.

Q. Which of the following statements is/are false?
I. The term 'depreciation', 'depletion' and 'amortization' convey the same meaning.
II. Provision for depreciation a/c is debited when provision for depreciation a/c is created.
III. The main purpose of charging the profits and loss a/c with the amount of depreciation is to spread the cost of an asset over useful life for the purpose of income determination.

Q. Which of the following statements is/are false?
(I) The term 'depreciation', 'depletion' and 'amortization' convey the same meaning.
(II) Provision For Depreciation A/c debited when Provision For Depreciation A/c is created.
(III) The main purpose of charging the Profit & Loss A/c with the amount of depreciation is to spread the cost of an asset over its useful life for the purpose of income determination.
The correct option is -

If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:

Q. Making Provision for depreciation is an example of __________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Recording Depreciation

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Accumulated Depreciation

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon