Follow Our FB Page << >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

What Is Depreciation, and from which date do we charge
Depreciation for an asset ?

Answer Posted / ameet narayankhedkar

Depreciation refers to two very different but related concepts:

1. the decrease in value of assets (fair value
depreciation), and
2. the allocation of the cost of assets to periods in
which the assets are used (depreciation with the matching
The former affects values of businesses and entities. The
latter affects net income.

The depreciation will be calculated from the date of
purchase of an asset.

Is This Answer Correct ?    0 Yes 1 No

Post New Answer       View All Answers

Please Help Members By Posting Answers For Below Questions

What is a cpa?


What is the Technology used to carry out trades? Pls Tell me as early as possible.


What does the standard journal entry includes?


how to prepare for accontant examinations


Tell me how can you explain the basic accounting equation?


A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.


What is dd and a in oil and gas accounting?


Account for letter of credit in the books?


How create the invoices?


Tell me in accounting, vat abbreviates what?


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?


"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.


As you know any other accounting application?


What is the difference in accounting and marketing and what is so different about them?


Tell me what do you think is bank reconciliation statement?