What is depreciation? What are the various methods thereof?
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Answer Posted / khazi raza mohammed
Depreciation refers to reducing value of assets over the period of time.
The various types of Depreciation are as follows..
1 straight line method
2 diminishing balance method
3 annuity method
4 depreciation fund method
5 insurance policy method
6 sum of digits method
7 revaluation method
8 depletion method
9 replacement method
10 machine hour rate method
11 method of reserving a composite sum for repairs,
renewals and depreciation.
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