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what is depreciation? what are depreciation methods?
please explain those method? can any one reply urgently?
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Answer Posted / dhanesh chandramagalam
DEPRECIATION MEANS REDUCING THE VALUE OF AN ASSETS DUE TO
CONTINUOUS USAGE, PASAGE OF TIME, OBSOLASIONS, WEAR & TAR
ETC,
METHODS
AS PER AS6 MENTIONED ONLY 2 METHOD BUT THEORETICALLY 7
METHODS 1 STRAIGHT LINE METHOD,2 WRITTN DOWN VALUE METHOD,3
SINKING FUND METHOD,4 ANNUTY MENTHOD,5. MACHINE HOUR RAE
METHOD,6, PRODUCTION HOUR RATE METHOD,& DEPLETION METHOD
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