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  3. in accounting, depreciation refers to? (not ans. d

In accounting, depreciation refers to? (NOT ANS. D) deterioration of a fixed asset...

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Accounting

  1. In accounting, depreciation refers to? (NOT ANS. D)

    1. deterioration of a fixed asset

    2. systematic and rational expensing of fixed asset cost

    3. the obsolescence of a fixed asset

    4. the decline in value of a fixed asset

  2. In which section of the statement of cash flows would the effect of an impairment write-down be reported? (NOT ANS. D)

    1. Operating

    2. Investing

    3. Financing

    4. None of the above since no cash has been spent

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