what is depreciation?
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Answer / venkat
depreciation is permanent and continuing diminution in the
quality,quantity or value of an asset
| Is This Answer Correct ? | 93 Yes | 6 No |
Answer / romi
Depreciation is a change in the value of assets according to
events and times.
| Is This Answer Correct ? | 64 Yes | 15 No |
Answer / kranthi
depreciaton means gradually or permanant decrease in the
value of assets due to wear and tear, technology changes,
etc.
| Is This Answer Correct ? | 57 Yes | 10 No |
Answer / vijay gawalkar
Depreciation is a non-cash expense that reduces the value
of an asset as a result of wear and tear, age, or
obsolescence. Most assets lose their value overtime and
must be replaced once the end of their useful life is
reached.
| Is This Answer Correct ? | 36 Yes | 3 No |
Answer / achhar dass
depreciation is reduced the valu of the assets year to year
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / kishore
decreasing the value of Assest in year to year
| Is This Answer Correct ? | 23 Yes | 5 No |
Answer / deepu
Depreciation is decreasing the value of an asset.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / vinotha.v
the assets value year to year reduce the value (ie)
depreciation.
EX. Machinery value Rs. 10000/-
Depreciation @ 10%
Calculation of Depreciation:
Machinery value 10000
Less: Depreciation 10000*10% 1000
_______
Machinery original value: 9000
_______
Depreciation value = Rs.1000/-.
So The machinery value year to year to change.
ie Next year calculated the depreciation Rs.9000/-
(machinery).
| Is This Answer Correct ? | 15 Yes | 4 No |
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