Which of the Following Statement Is True of Accumulated Depreciation

question 70

Multiple Choice

Which of the following statement is true of accumulated depreciation?

• A) It is the difference between acquisition costs and residual value.
• B) It is the difference between acquisition costs and revalued amount.
• C) It is initially derecognised on first time revaluations.
• D) It is restated proportionately to the carrying amount and the revalued amount of the asset.

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