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Question Practice

Which of the following statements about depreciation is correct?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

Which of the following stateme...

Single Answer MCQ
Q-00053644

Which of the following statements about depreciation is correct?

1

Depreciation increases the book value of an asset.

2

Depreciation is accounted for in cash flows.

3

Depreciation funds future asset replacement.

4

Depreciation affects the profit of the company.

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