Question $(5)$

Which statement regarding depreciation is accurate?

Accumulated depreciation is the additional depreciation that is charged on assets

that are held at revalued amounts compared to the depreciation which would have

been charged had they been held at cost$.$

Depreciation expense is the difference between the original cost of an asset and

its carrying amount at the end of each accounting period.

The depreciation charge is the amount.deducted from the carrying amount of an

asset in the period and charged to the income statement.

Accumulated depreciation represents the total depreciation charged in an

accounting period and is deducted from income in the period.