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what is depreciation ? and its entries ?
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Answer / gopal
decreasing the value of an asset, due to the wear and tear
of the asset..
Depreciation a/c Dr.
To Asset a/c Cr....
(Being the asset depreciated)
| Is This Answer Correct ? | 39 Yes | 2 No |
Answer / nisha
depreciation is wear & tear arises in the value of asset
due to its use & passage of time. it shall be calculated on
historical cost or any value replacing the historical cost.
Provision For Deperciation A/C DR
To Fixed Asset A/c
P&L A/c DR
To Provision For Deperciation A/C
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / anchit saxena
this term depreciation is used to denote decrease in the
book value of a fixed asset.
Entry is- Depreciation a/c dr.
to Asset a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / guest
DEprection means permanent and gradual fall of asset value
due to vare and tare, useage etc.
deprection a/c dr
to fixed asset a/c
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / naveen yadav
depreciation mean it is a permanent degrease in the value
of asset .loss in the value of asset.
depreciation a/c dr
to fixed a/c cr
(being depresiation on fixed asset)
| Is This Answer Correct ? | 1 Yes | 0 No |
depreciation a/c dr
To accumulated depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / manoj kumat
depreciation is the portion of the total cost of a fixed assets which is charged against revenue as an expense in on accounting periods.
SLM- Straught line mathod
WDV- Weight down value
| Is This Answer Correct ? | 1 Yes | 3 No |
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