"since the calculation of depreciation is based on
estimate,notfacts,why bother to make the calculation?
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Answer Posted / harish
Every asset dimnishes its value after its use. so there are
some fixed percentages set up alreay for some type of
asests for depreciation. eg: plant and mach should be dep @
25 % and Land and Buildings should be de @ 10 % etc. Even
though it is an estimate, there should be some
accountability for the depreceiable value so as to arrive
at the accurate value of the asset.
| Is This Answer Correct ? | 16 Yes | 11 No |
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