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The balance on the provision for depreciation account is?

The balance on the provision for depreciation account is?
  • A.
    added to fixed assets on the balance sheet
  • B.
    deducted from the fixed assets on the balance sheet
  • C.
    deducted from the profitand loss account
  • D.
    added to current liabilities of the account
Correct Answer: Option B
Explanation