passwella.
Menu

WAEC Financial Accounting 2005 Question 21

Question 21

Depreciation

Depreciation of assets is provided for in consideration of

  1. A.disposal
  2. B.loss by fire
  3. C.loss in transit
  4. D.wear and tear.
Show the answer and explanation

Answer: D (wear and tear.)

Explanation

Depreciation allows for wear and tear.