What are causes of depreciation on non-current assets? (i) change in its cost of repair (ii) change in its market value (iii) changes in technology а. (ii) and (iii) b. (i) only C. (iii) only d. (i) and (ii)
What are causes of depreciation on non-current assets? (i) change in its cost of repair (ii) change in its market value (iii) changes in technology а. (ii) and (iii) b. (i) only C. (iii) only d. (i) and (ii)
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 27MC: What is the impact on the accounting equation when a sale occurs? A. both sides increase B. both...
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![What are causes of depreciation on non-current assets?
(i)
change in its cost of repair
(ii)
change in its market value
(ii)
changes in technology
а.
(ii) and (iii)
b.
(i) only
O c.
(iii) only
O d.
(i) and (ii)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19729d87-f182-4425-ae40-29d718357a0b%2F1a261931-b5b1-4440-b6b0-edd7de4ea2cd%2Fqyfuu88_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What are causes of depreciation on non-current assets?
(i)
change in its cost of repair
(ii)
change in its market value
(ii)
changes in technology
а.
(ii) and (iii)
b.
(i) only
O c.
(iii) only
O d.
(i) and (ii)
![Why is depreciation provided on non-current assets?
а.
so that there is enough cash in the business to replace them
O b.
so that the cost is allocated to periods that benefit from them
O c.
so that the business entity concept is applied
O d.
so that they are shown at market value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19729d87-f182-4425-ae40-29d718357a0b%2F1a261931-b5b1-4440-b6b0-edd7de4ea2cd%2Foc6czh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Why is depreciation provided on non-current assets?
а.
so that there is enough cash in the business to replace them
O b.
so that the cost is allocated to periods that benefit from them
O c.
so that the business entity concept is applied
O d.
so that they are shown at market value
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