Question

depreciation is charged on​

Answer 1

Answer:

Accumulated depreciation is known as a contra account, because it separately shows a negative amount that is directly associated with an accumulated depreciation account on the balance sheet. Depreciation expense is usually charged against the relevant asset directly.

Explanation:

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Answer 2

Answer:

Depreciation is the decrease in the value of fixed assets due to normal wear and tear, efflux of time or obsolescence due to technology.

depreciation is an expense and we charge it to Profit and Loss A/c at the end of the year

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