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
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