Q175
An alternative term used for accumulated depreciation expenses?
A.
Provision for depreciation
AnswerB.
Cumulative depreciation
C.
Targeted depreciation
D.
Depletion
Answer: Option A
Solution
Answer: Option A
Solution:
Provision for depreciation is an alternative term used for accumulated depreciation expenses. Depreciation expense is recognized on the income statement as a non-cash expense that reduces the company's net income.