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Depreciation — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation1 Mark
Question
Should depreciation be provided even if there is loss in a financial year?
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Answer

Yes. Depreciation is a charge against profit and must be provided even if there is loss in a financial year. If it is not charged, the financial statements will show lower loss and higher value of assets.

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