Question

What is Provision for Depreciation?​

Answer 1

Answer:

Provision of depreciation is the collected value of all depreciation . ... Every year we adopt this procedure and when assets are sold we will transfer sold assets 'total depreciation to credit side of asset account. For calculating correct profit or loss on fixed asset

Answer 2

Provision of depreciation is the collected value of all depreciation ..

every year we adopt this procedure and assets are sold we will transfer sold assets total depreciation to credit side of asset account. for calculate correct profit or loss on fixed assets.

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