Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

Which statement about depreciation is not correct?

  • AA business can never change its accounting policy on depreciation.
  • BDepreciation is the allocation of the cost of a non-current asset over its useful life.
  • CFreehold land is usually not depreciated.
  • DNon-current assets of similar class are depreciated using the same method of depreciation.

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