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CPT 705 views 1 replies

The Portion of the acquision cost of the asset, yet to be allocated to P/L A/c is known as ________?

1)Book value        2)Accumulated value            3)Realisable value              4)Salvage value

I think it must depreciation of asset during the year must debited to P&L a/c

Replies (1)
i feel its book value as all the acquisition cost first acculated in balance sheet & after that every year some portion of it charged to p&l account to write off the asset,hence accumulted value before writing of dep is called as book value

wait for other suggetion


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