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