The ware and tear of a fixed assets of a compan... - JAMB Accounting 2015 Question
The ware and tear of a fixed assets of a company which is chargeable to company’s financial statement is called ------------------------------
A
appreciation
B
amortization
C
provisions
D
depreciation
correct option: d
Depreciation is the reduction in the service potential of an asset as a result of wear and tear.
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