alleryStart learning →Depreciation for a period is recognised in profit or loss unless it is what?
ALess than one percent of cost
BAbsorbed in another asset's cost
CCharged on land held for use
DCharged on assets fully paid for
Answer & Solution
Correct answer: B. Absorbed in another asset's cost
Depreciation goes to profit or loss unless it is absorbed into the carrying amount of another asset, for example into inventory cost.
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