explian depriation? asked on 30/7/09
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Answer / burhan
Depriciation is the amount deducted or decreased from the
total value of a assest every financial year.Depriciation
is of two types
1)writen down value method-dep on dep is called wdv
2)straight line method-dep will be the same for every year
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / srinivas annavarapu
Depreciation is a non-cash expense that reduces the value
of the asset as a result of wear & tear or its age.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / pradeep gunuguntla
The gradual reduction in the value of tangible fixed assets
due to wear and tare is called depreciation.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / guest
depreciation is the deduction for wear or tear or lapse or
use of the good or anything.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajmails2
The word Depreciation is derived from the latin word
Depretium, De means decline and pretium means price,
Hencce Deprication means decline in price,
Depreciation is Calculated and shown in the profit and loss
a/c and it was deducted from fixed assets in the balance
sheet.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / gangadhar
depreciation means gradually or regularly deducted from the
asset from the basis of wear , tear, damages , technological
changes and etc......
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandu
depreciation means the gradual reduction in value of fixed assets due to wear and tear is called depreciation.
depreciation is loss to the business. it should be debited to profit and loss account.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / prabhudas
# 1
Depriciation is the amount deducted or decreased from the
total value of a assest every financial year.Depriciation
is of two types
1)writen down value method-dep on dep is called wdv
2)straight line method-dep will be the same for every year
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghu.v. final year b.com aps
depreciation means deduct the value on assets& tear and wear
| Is This Answer Correct ? | 0 Yes | 0 No |
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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
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