What is depriciation, explain this to me
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Answer / atul parit
Depreciation means decrease in the value of Assets.In usual
practice most of the companies are using Staright line &
reducing balance methods of Depreciation.
| Is This Answer Correct ? | 16 Yes | 1 No |
Depreciation means a gradual decrease or demultion or
reduction in the value of the assets.It occurs due to wear
and tear, accidents, Obsolecense. So it is a loss to the
business and therefore it is treated as an indirect expense
and credited to the profit and loss account. It is deducted
from the concerned assets and the remaining balance is
shown on the asset side of the balance sheet.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / chandra sekhar
DEPRICIATION DENOTES GRADUALLY AND PERMANENT DECREASE IN
THE VALUE OF ASSTS DUE TO WEAR TEAR , TECHNOLOGY CHANGES
AND LAPS OF TIME.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / divu
Depreciation is a systematic and rational process of
distributing the cost of tangible assets over the life of
assets.
Depreciation is a process of allocation.
Cost to be allocated = acquisition cot - salvage value
Allocated over the estimated useful life of assets.
Allocation method should be systematic and rational.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / arun kumar
Depreciation means continious and gradual fall in book
value of an asset, due to wear n tear,accidents,absolecense
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kamal
depreciation means the regular and permanent dimnution
value,quantity and quality of a fixed asset due to wear and
tear is called depreciation.many of companies follows
calculating depreciation straight line and written down
value method.
| Is This Answer Correct ? | 0 Yes | 4 No |
Can anybody tell me about the liability positions of 1.Sole trader 2.Partnership 3.Pvt ltd co 4.Public ltd co
Depreciation is asset or liability?
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