state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Accountancy Depreciation, Reserve & Provision
Which of the following statement is correct?
1
Provision for depreciation is at the choice of management.
2
Depreciation can be charged only when there are profits.
3
Depreciation is a charge against profits.
4
Depreciation is an appropriation of profits.