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 O a. (ii) and (iii) O 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 O a. (ii) and (iii) O b. (i) only C. (iii) only d. (i) and (ii)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

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)

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