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Depreciation Quiz 1

💥Depreciation Cheat Sheet → https://accountingstuff.com/shop Can you answer these 5 True or False questions on Depreciation? 1. Depreciation represents is the allocation of an Asset's cost over its useful life. True or False? 2. Depreciation applies to Intangible Assets, not Tangible Assets. True or False? 3. Land always depreciates over time. True or False? 4. Depreciation is recorded as an expense on the Income Statement. True or False? 5. Accumulated Depreciation is a Liability account on the Balance Sheet. True or False? Follow me for more accounting quizzes. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist →    • ACCOUNTING BASICS for Beginners (Whole Pla...   🔝 CLOUD ACCOUNTING SOFTWARE ▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 ▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1... 🚶FOLLOW ME ON ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / accountingstuff   ▪ Insta →   / accountingstuff   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #Shorts #accountingstuff

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