Qualification > Commerce

Accounting please answer

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Jazz:
is depreciation an asset or liab. and why?

Monica:
Provision for deprecation is An asset because u subtract under the fixed assets column in the balance sheet!!

sanzdabest:
depreciation is a non-monetary expense to a business..

I Jimmy I:
I think its a liability...
Not sure tho

I Jimmy I:
Gimme a few mins ;) and Ill answer ur doubt

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