Entities charge depreciation each year:
A) To ensure there is enough money in the firm to replace the asset
B) To spread the cost of the asset over its working life
C) To reduce the profit and thus the dividends they can pay to shareholders
D) Because the law states they must depreciate all assets held
Correct Answer:
Verified
Q2: An entity buys an asset for £1,000
Q3: The net book value of a non-current
Q4: Depreciation is:
A) A way of setting aside
Q5: The sale of equipment costing £8,000, with
Q6: The balance at cost of an asset
Q7: The cost of an entity's assets three
Q8: A car cost £9,000. It has an
Q9: The balance on an entity's plant and
Q10: Q11: ![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents