At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
A. Simply deducted from the asset in the Balance Sheet
B. Transferred to Profit and Loss Account
C. Transferred to the Asset Account
D. Transferred to Depreciation Account
Answer:A
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
A. Simply deducted from the asset in the Balance Sheet B. Transferred to Profit and Loss Account C. Transferred to the Asset Account D. Transferred to Depreciation Account