The asset account appears in the books at original cost when a ______.
A. P & L account is maintained.
B. balance sheet is maintained.
C. provision for depreciation account is maintained.
D. provision for depreciation account is not maintained.
Answer:C
The asset account appears in the books at original cost when a ______.
A. P & L account is maintained. B. balance sheet is maintained. C. provision for depreciation account is maintained. D. provision for depreciation account is not maintained.