The balance on the provision for depreciation account is?
FINANCIAL
JAMB 2004
The balance on the provision for depreciation account is?
- A. added to fixed assets on the balance sheet
- B. deducted from the fixed assets on the balance sheet
- C. deducted from the profitand loss account
- D. added to current liabilities of the account
Correct Answer: B. deducted from the fixed assets on the balance sheet
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