The ware and tear of a fixed assets of a company which is chargeable to…

Accounts - Principles of Accounts JAMB 2015

The ware and tear of a fixed assets of a company which is chargeable to company’s financial statement is called ——————————

  • appreciation
  • amortization
  • provisions
  • depreciation checkmark

The correct answer is: D

Explanation

Depreciation is the reduction in the service potential of an asset as a result of wear and tear.
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