Question

11. Depreciation is charged on fixed assets due to this
concept, a. Full disclosure concept
b. Materiality concept
c. Conservatism concept
d. None of above

Answer 1

Answer:

Depreciation is charged on fixed assets to comply with Matching concept which requires that revenues must be matched with associated expenses to get a complete and accurate picture of profit and loss.

Explanation:

Answer 2

Answer:

tcdughzt idtfixhhghxfosnflyiozruul