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What is Chart of Depreciation?
What is Depreciation area?
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Answer Posted / sudhakar
Chart of Depreciation: its a group of Depreciation Areas
like Book depreciation, Tax depreciation, consolidated depreciation, etc. Because we have to prepare our statements as per Indian Companies Act (Book depreciation), Income Tax Act (Tax depreciation)like that...Like in Chart of accounts
Depreciation Area :It defines how you going to valuate your company assets its based on the Company requirement like Book Depreciation..Tax Depreciation etc etc...
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