A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2021 · Q21 Mark
Which statement relating to depreciation is not correct?
Abusiness 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.
✓ Correct answer
A: business can never change its accounting policy on depreciation.
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