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Question #72866

Which of the following statements is correct about Depreciation?

Options:

A) Depreciation cannot be provided in case of loss in a financial year

B) Depreciation is a charge against profit

C) Depreciation is provided in the books only when there is profit

D) Depreciation is an appropriation of profit

Answer: Which of the following statements is correct about Depreciation Depreciation is a charge against profit.

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