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What is the meaning of Deprecation

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What is the meaning of Deprecation..

Answer / dipty

depreciation is charging of asset cost in your books over
the period of time with a predefined method.reason for
depreciation are wear & tear,loss,damage etc

Is This Answer Correct ?    7 Yes 0 No

What is the meaning of Deprecation..

Answer / ks

Depreciation means spread the cost of an asset over the
span of several years.

If you buy a machiner for 1 crore in April-10,you can not
treat it as expense for the month of April-10 since this
machinery is going to be used for next 10 years.

To match revenue and cost,1 crore will be divided across 10
years.


Its called depreciation

Is This Answer Correct ?    1 Yes 0 No

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