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Analysing Comparative Statement of Profit and Loss

The normal ba...

Question

The normal balance in the accumulated depreciation A/c is equal to the __________ .

A

cost of the asset

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B

depreciation to be provided each year

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C

total depreciation provided upto date

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D

depreciated value of the asset

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Solution

The correct option is C total depreciation provided upto date
Accumulated depreciation is the total depreciation for a fixed asset that has charged. Depreciation account is an asset account with a credit balance (also .the depreciation calculation for a fixed asset from its acquisition date to its use.

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Q. State whether the following Statements are True or False

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