what is depreciation ?
Answers were Sorted based on User's Feedback
Answer / megha arora
Reduction in the value of fixed assests due to normal wear
& tear and obsolescence
Is This Answer Correct ? | 19 Yes | 0 No |
Answer / anoj
It is decreasing value of fixed asset due to use of asset
or wear and tear or laspe of time.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / gajendra yadav
it is deduction on the fixed assets in certain time.expet
the bulinding & land.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / s.srinu
The concept of depriciation refer to the process of
allocating the intial of fixed assets to several periods
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abdullah amer
Deprecitation is the decrease in the value of fixed assets
which are used in the business such deprection is to be
considered as an expense and decrease in the value of asset.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / karan gandhi
Depreciation actually means the value of an asset consumed during the year. this value is transfered to p&l a/c as an expense
Is This Answer Correct ? | 0 Yes | 0 No |
What is revaluation of Accounts, how does it is accounted in business
Expand ------AIMPLB
difference between company and industry?
What do you mean by 'Market Trades' and 'Off Market Trades' ?
what is accumulaated depreciation ? and wht is effect of it in profit and loss a/c and balance sheet ??
What is the new name for Stock exchanges ? (recently)
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
What is the Purpose of Preparing Bank Reconciliation Statement?
what is difference between revenue and capital?give me example?
which a/c affect by contra entry
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
what is reconsilation@
5 Answers ADP, Infosys, Xchanging,