what is depreciation?
- 5 Answers
- 5744 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / priyamayeleven
depreciation is decrease in the value of assets.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / guest
depreciation are treated as expenses because it reduce the
value of assets use after use.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deepa
Depreciation is the gradual decrese in the usage value of
the asset. Co. charges every month to know the net value of
the asset.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / seetu
Depreciation refers to two very different but related
concepts:
decline in value of assets, and
allocation of the cost of tangible assets to periods in
which the assets are used.
The former affects values of businesses and entities. The
latter affects net income. Generally the cost is allocated,
as depreciation expense, among the periods in which the
asset is expected to be used. Such expense is recognized by
businesses for financial reporting and tax purposes.
Methods of computing depreciation may vary by asset for the
same business. Methods and lives may be specified in
accounting and/or tax rules in a country. Several standard
methods of computing depreciation expense may be used,
including fixed percentage, straight line, and declining
balance methods. Depreciation expense generally begins when
the asset is placed in service. Example: a depreciation
expense of 100 per year for 5 years may be recognized for
an asset costing 500.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kavita
Depreciation is like as a Indirect Exp. which are charged by
co. every year to know the value of asset at current time
| Is This Answer Correct ? | 1 Yes | 3 No |
what is the meaning of rates in(rent,rates and tax) what is the meaning of contribution in margin of safety. what is the equity? and what single entry system? i want heavy explanation regarding these questions. thank you in advance reply soon bye!
2 Answers College School Exams Tests,
Four of the following five are alike in a certain way and hence from a group.Which one of the following does not belong to that group? 21,35,49,63,56........ if u get answer pls explain hw u get it?
What is meant by turnover?
Why Accountants have to or must prepare INCOME STATMENT in two stages Gross Profit And Net Profit
1. purchase of tally software is treated as assent or indirect expenses , then underwhich group it comes on tally 2. outstanding expenses is under what group in tally
Ram supplied to kumar machinery worth rs 2000 in exchange for furniture worth rs 1000, goods for rs800 and cash rs 200. show how this would appears in Ram account ?
I took printer from stock, previously I purchased this printer for £60 plus Vat. What entries do I need to put through the books?
SALES BOOK IS A PART OF
Rent outstanding:2500
What is Provision Entry
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
what's mean of capital reserve and reserve capital
Audit 
