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what do you mean acculmated depreciation?
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Answer Posted / amit khaitan
The total amount of depriciation lying in respect of any
particular asset at a balance sheet date is the accumulated
dep thereof as on the BS date. The amount of AD is the
figure derived by adding
1.dep for the year and;
2.deducting the dep on assets sold or adjustments during
the year;
from the opening depriciation for that asset.
| Is This Answer Correct ? | 5 Yes | 3 No |
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