Question on: SS1 Accounting - Meaning of Depreciation Account
Why is a depreciation account important for a company?
View related lesson
A
It reflects the true cost of using an asset over time
B
It shows the total value of an asset
C
It increases the net income of the company
D
It reduces the company's tax liability
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses