Pick out the correct statement.

Question

Admin · Accepted Answer

Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date

Admin · Answer

Difference between income and expense is termed as gross revenue

Admin · Answer

Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment

Admin · Answer

Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale

Q. Pick out the correct statement.