Pick out the correct statement. Options: A . &nbspDifference between income and expense is termed as gross revenue. B . &nbspUnamortised cost is the difference between the original cost of a property and all the depreciation charges made to date. C . &nbspSum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment. D . &nbspScrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale.

Pick

Question -

Pick out the correct statement.

Options:

A . Difference between income and expense is termed as gross revenue.

B . Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date.

C . Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment.

D . Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale.

Answer: Option B

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