मूल्यह्रास (depreciation) के किस कारक को उस अनुमानित कबाड़ मूल्य (scrap value) के रूप में परिभाषित किया जाता है जो एक संपत्ति अपने उपयोगी आर्थिक जीवन के अंत में प्राप्त करेगी?

The depreciation of fixed assets is recorded in accounting to:

Consider the following statements regarding Depreciation: 1. Depreciation represents a systematic allocation of the depreciable amount of an asset over its useful life. 2. Depreciation is charged only when the market value of the fixed asset declines below book value. 3. Depreciation is recorded as an expense in the profit and loss account. Which of the statements given above are correct?