What is the entry for adjusting depreciation of an asset?

Asset A/c Dr

To Depreciation A/c

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Depreciation A/c Dr

To Asset A/c

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No entry

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None of these

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Solution

The correct option is B

Depreciation A/c Dr

To Asset A/c

The correct entry is

Depreciation A/c Dr

To Asset A/c

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A company has to disclose depreciation provided on fixed assets and amortization of intangible assets under ___

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