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Is depreciation on fixed asset a capital expenditure
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Answer Posted / h.r. sreepada bhagi
Capital Expenditure results in creation/acquisition of Fixed
Asset. Depreciation is the process of reducing the value of
fixed assets in the books over the period of its life (in
any prescribed method and rates prescribed by Companies Act
or any other applicable law) by charging to the profit &
Loss A/c.
Its debited to the Profit & Loss A/c like any other Revenue
Expenditure.
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