Interested to Buy Any Domain ? << Click Here >> for more details...
What Is Depreciation, and from which date do we charge
Depreciation for an asset ?
- 1 Answers
- 3910 Views
- EDS, I also Faced
- E-Mail Answers
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
principle).
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
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
when receieve cheque from a party and we deposite cheque in bank how do this entry
Sold goods to Gasha 600 by cash
i want to know f form and how to use and how can purchase
Tell me what do you think is bank reconciliation statement?
What are the 4 types of ppe?
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
WHERE WE CAN USE VAT 5%,14.5%
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
what stock transfer applicable in sister concern unit.
Tell me which accounting application you prefer most and why?
Follow up ageing balances of Debtors & Creditors and also Inventory
