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Depreciation is asset or liability?
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Answer / raturivikas
neither asset nor liability, its an expense
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / bharath
it is neither an Asset or liability, it is a non trading
expense
| Is This Answer Correct ? | 22 Yes | 5 No |
Answer / giri
Depreciation is a non-cash expense. So, it is added back
when calculating cash flow. When an asset depreciates fully
then from every years depreciated amount new assets can be
purchased.
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / us
If you want to ask about Acumulated Depreciation than it is
a contra-Asset :) Most of the people think it as a liability
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / nishi
Deprociation is not an asset and not a liability. it is a
expense, which decrease the value of our assets.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sravanthi
Depreciation is neither asset nor liability. it's just a
charge against profits, which in long run is used to
purchase a new asset.
Depreciation means allocation of depreciable amount of an
asset over its estimates working life.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / sachin tapse
Depreciation is nominal account and is always debited to
P&L A/c. It is shown in B/s Asset side as "Fixed asset
less depreciation". So, it can't be asset nor liability
also it is a permanent and gradual decrease in the value of
asset(non-trading expense).
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / manish
depriciation is neighter assets and liability it is non
trading ex.
| Is This Answer Correct ? | 4 Yes | 0 No |
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