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What is Depreciation ?

Answers were Sorted based on User's Feedback



What is Depreciation ?..

Answer / rajkishote

depreciation is the diminshing value of fixed assets due to
wear & tear,

Is This Answer Correct ?    12 Yes 0 No

What is Depreciation ?..

Answer / christopher daniel

depreciation is a amount maintain by a company for is fixed assets residual value.

Is This Answer Correct ?    4 Yes 2 No

What is Depreciation ?..

Answer / dharmendra.ch(mancherial)

depericiation means loss on wearing & tearing of
an particular fixed asset during the accouting year
ex plant & machenary, (excluding land)

Is This Answer Correct ?    2 Yes 0 No

What is Depreciation ?..

Answer / cll

the estimable reduction from historical cost due to wear and
tear or obsolisence of a tangible assets based from its
expected life excluding its salvage value.

Is This Answer Correct ?    0 Yes 0 No

What is Depreciation ?..

Answer / parushuram

Gradual reeducation in the value of fixed assets due to wear
and tear

Is This Answer Correct ?    0 Yes 0 No

What is Depreciation ?..

Answer / antony

decrease in the value of assets due to tear and wear

Is This Answer Correct ?    0 Yes 0 No

What is Depreciation ?..

Answer / mercy

indirect expenses that occur due to the gradual decrease in
the value of the fixed assets through wear and tear

Is This Answer Correct ?    0 Yes 0 No

What is Depreciation ?..

Answer / pradeep gunuguntla

the reduction in the value of tangible fixed assets due to
wear and tear.

ex: furniture, machinery , land and buildings etc.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

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I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

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