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what is depriciation, and its method
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Answer / jayasree
What is depreciation and tell me different types of
depreciations:
Depreciation is the reduction in the value of an asset due
to usage, passage of time, wear and tear, technological
outdating or obsolescence, depletion, inadequacy, rot,
rust, decay or other such factors.
Methods:
1. Straight line or fixed installment method
2. Diminishing balance method.
3. Activity Depreciation
4. Composite depreciation
5 Sum of years Digits depreciation
6. Group digit depreciation
7. Uinit of time depreciation
8. Unit of product depreciation
| Is This Answer Correct ? | 34 Yes | 2 No |
Answer / sumit karn
Depreciation is the gradual decrement on the assets .There
are 9 methods of depreciation .Out of that two are commonly
used .i.e
1) Straight line Method
2) Written Down method or Diminishing Method.
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / md abdul bari
Loss in the value of asset due to continuous use is know as depreciation,
1. straight line method
2. diminishing balances method
3. annuity method
4. sinking fund method
| Is This Answer Correct ? | 6 Yes | 0 No |
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