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Depreciation is defined as the fall in value of an asset during an accounting period. True or false?

Financial Accounting Internal Audit Financial Management Financial Systems Implementation
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Question added by Deleted user
Date Posted: 2013/08/28
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Nitin Gupta, ACA
by Nitin Gupta, ACA , FP&A , Rockwell Automation

False, its the appropreation of cost of asset over the useful life of the asset.

Sanoop Kumar V G
by Sanoop Kumar V G , Chief Accountant , Angoalissar

  1. True

ALLAH DITTA
by ALLAH DITTA , Accountant , Master Beverages & Food Limited

TRUE

NASREEN QASSEM ALSHALAAN
by NASREEN QASSEM ALSHALAAN , موظف اداري , الفريق

True

Kumar Gaurav Rai
by Kumar Gaurav Rai , Senior Wealth Manager , GLOBE CAPITAL MARKET LTD

true

Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

<p>False-It is the fall in value of an asset during the useful life of asset</p>

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