How to solve these 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 technologyа.(ii) and (iii)b.(i) onlyO c.(iii) onlyO d.(i) and (ii) Why is depreciation provided on non-current assets?а.so that there is enough cash in the business to replace themO b.so that the cost is allocated to periods that benefit from themO c.so that the business entity concept is appliedO d.so that they are shown at market value

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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 а. (ii) and (iii) 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 а. (ii) and (iii) b. (i) only C. (iii) only d. (i) and (ii)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 10MC: The amortization process is like what other process? A. depreciation B. valuation C. recognizing...

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Question

How to solve these 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)

Why is depreciation provided on non-current assets?
а.
so that there is enough cash in the business to replace them
O b.
so that the cost is allocated to periods that benefit from them
O c.
so that the business entity concept is applied
O d.
so that they are shown at market value

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