What are types of Depreciation?

Question Posted / nandu

14 Answers
71224 Views
Idbi Bank, Oracle, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What are types of Depreciation?..

Depreciation is explained in both accounting and economic terms.

There are two types of depreciation in terms of real capital assets namely; physical depreciation and functional depreciation. The physical depreciation is the total loss in market value which is caused due to some of the physical activities. This depreciation involves any kind of repairs that involve cost. In this depreciation there are two kinds, one that is curable and the other that is incurable. The curable one is the one, which can be corrected economically. The other, which is the incurable, involves huge amounts of cost. Subsequent the Functional Depreciation is the total loss caused by inadequate design.

In the subject of accounting there are two types of depreciation; Book Depreciation and Tax Depreciation. Book Depreciation is done for the reference of the company in order to report its financial records to its share holders, stockholders, etc. Tax Depreciation is simply done for the reason of collecting taxes.

Is This Answer Correct ?

1 Yes

3 No

What are types of Depreciation?..

Answer / s.tamil selvan

Depriciation is a gradual decrease in the value of asset

Is This Answer Correct ?

1 Yes

4 No

What are types of Depreciation?..

Answer / satessh dongare

In simple words Deprication means continous and gradual
reduction in the value of assests.

There are 2 types of dep.
1) Fixed balanced method.
2) Reducing balance method.

Is This Answer Correct ?

26 Yes

32 No

What are types of Depreciation?..

Answer / gyanivusan dash

there are two types of depreciation first one is streight
line and then written down value depreciation.

Is This Answer Correct ?

31 Yes

49 No

Post New Answer

More Banking Finance Interview Questions

Case Study:- Assume you are an insurance consultant dealing with an umbrella of insurance products of various insurance companies. you have been approached by the Dean of college to give presentation on the insurance titled "life insurance fulfils the needs of aperson". The presentation should include the various needs of person at different stages of life. you have been rrequested to include sufficient example to make the presentation more reachable.

0 Answers LIC,

Name a few poverty eradication schemes of govt. Of india.

0 Answers

What should be the aim of successful marketing?

0 Answers Bank of Baroda,

What are the departments in RBI?

0 Answers RBI,

how does sbi work?

0 Answers

What does ICFAI stands for?

0 Answers SEBI,

Where is NABARD office located?