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what is depreciation?
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Answer / priyamayeleven
depreciation is decrease in the value of assets.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / guest
depreciation are treated as expenses because it reduce the
value of assets use after use.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deepa
Depreciation is the gradual decrese in the usage value of
the asset. Co. charges every month to know the net value of
the asset.
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Answer / seetu
Depreciation refers to two very different but related
concepts:
decline in value of assets, and
allocation of the cost of tangible assets to periods in
which the assets are used.
The former affects values of businesses and entities. The
latter affects net income. Generally the cost is allocated,
as depreciation expense, among the periods in which the
asset is expected to be used. Such expense is recognized by
businesses for financial reporting and tax purposes.
Methods of computing depreciation may vary by asset for the
same business. Methods and lives may be specified in
accounting and/or tax rules in a country. Several standard
methods of computing depreciation expense may be used,
including fixed percentage, straight line, and declining
balance methods. Depreciation expense generally begins when
the asset is placed in service. Example: a depreciation
expense of 100 per year for 5 years may be recognized for
an asset costing 500.
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Answer / kavita
Depreciation is like as a Indirect Exp. which are charged by
co. every year to know the value of asset at current time
| Is This Answer Correct ? | 1 Yes | 3 No |
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