is depreciation a expense for company?why it is charged to p/l a/c?

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is depreciation a expense for company?why it is charged to
p/l a/c?

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is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / narasimha rao

DEPRECIATION IS THE IN DETECT EXPENSES ACCORDING THE
NOMINAL ACCOUNT ALL EXPENSES AND LOSS ARE DEBITED AND ALL
INCOMES AND GAING ARE CREDITED SO DEPRECIATION IS DEBITED
IN THE PROFIT AND LOSS ACCOUNTANT

Is This Answer Correct ?

16 Yes

2 No

is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / phanikumar

yes depreciation is expense for company. Why because the
depreciation is charged against assets like machinery and
buildings etc. Why it is shown in the P&l account means it
is expenses to the particular person. According to nominal
account debit all expenses and losses.

Is This Answer Correct ?

3 Yes

0 No

is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / deepak jha

Depriciation is the allocation of the whole cost of an
asset to its useful life. The amount of depreciation is
charged in the p/L account,so that when the useful life of
an asset is over the amount allocated earlier can be used
to replace the new asset.

Is This Answer Correct ?

2 Yes

2 No

is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / ullas patil kulkarni

Eventhough Depreciation is charged in the P&L a/c as an
expenses, it is not really expense spend by the company, it
is a benifit for the company for its assets which is
reducing in the nature of its value. it is really not an
expenses but co. charged this to P&L a/c to save its TAX.

It is charged to P&L a/c beacause being depreciation is an
expenses all expenses and losses are Debited(nominal a/c)
to P&L a/c

Is This Answer Correct ?

2 Yes

2 No

is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / rafeeq

depreciation is a permanent decrease in the value of the
asset . we will show it on p?l account because in order to
replace the asset and to excape from the tax.

Is This Answer Correct ?

1 Yes

2 No

is depreciation a expense for company?why it is charged to p/l a/c?..

Answer / k. balaji

Because
Depreciation is charge against propit

Is This Answer Correct ?

2 Yes

9 No

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