is depreciation a provision, why?
is bad debts written off a provision, why?
Depreciation is a non cash charge. Provision is a liability. Depreciation is not a provision because depreciation is charged annually and there is no present obligation from past events.
Provision is created for bad and unrecoverable debts. Writing off those bad debts which are not recoverable is a reduction in provision. So, bad debts written off is not a provision.
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