Answers were Sorted based on User's Feedback
Answer / ravinder.s
depreciation is the reduction in the value of an asset due to usages,passage of time ,wear and tear
|Is This Answer Correct ?||182 Yes||9 No|
Answer / balakrishna .palle
depreciation is the reduction in the value of an asset.
|Is This Answer Correct ?||57 Yes||1 No|
Answer / suman kumar
Gradual Decrease in
the value of fixed
|Is This Answer Correct ?||49 Yes||0 No|
Answer / ratheesh babu
Depreciation is the decrease in the value of fixed assets.
|Is This Answer Correct ?||33 Yes||2 No|
Answer / ptashanthi
it is the cost of utilisation of an asset
|Is This Answer Correct ?||45 Yes||32 No|
Answer / prashant
Its indirect expenses of asset for using that period
|Is This Answer Correct ?||31 Yes||18 No|
Answer / staly.das
Its is a Gradual reduction in the External value of an assets due to obsolensce , Wear and tear .
|Is This Answer Correct ?||17 Yes||9 No|
Answer / paul
Depreciation is the wear and tear of machinery,equipment etc.
|Is This Answer Correct ?||12 Yes||5 No|
Answer / abdul quader jeelany
"Declining the value of fixed Asset due to wear,tear if use
either not use should deduct some percentage".
|Is This Answer Correct ?||11 Yes||6 No|
Answer / jagadish
meaning of depreciation with an example: after utilizing for
many years a vehicle(an asset) can not be sold at its
purchase price because of wear and tear. some times company
may have to incur a huge amount of loss at the time of sale
of its assets. In order to avoid this, depreciation will be
charged to profit/loss account at the rate specified by the
management. its very clear that no money will go out of the
firm while charging depreciation. Amount kept aside by this
way will compensate the above mentioned lo
|Is This Answer Correct ?||3 Yes||0 No|
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