What is the overview of Depreciation? how it will be
calculated in asset account? please tel me...
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Answer Posted / pp
Depreciation is non expense and it reduces the value of the
asset over the time.
Depreciation keys are used to calculate the depreciation on
particular asset.We have calculation methods based on the
Base method the calculation method of depreciation would be
decided like based on the life of the asset,Explicit
percentage,immediate dp,Manual dp.If it is based on the
Explicit percentage,in multi level method we are giving the
percentage &base value of the asset.
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