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what is depreciation?

Answers were Sorted based on User's Feedback



what is depreciation?..

Answer / venkat

depreciation is permanent and continuing diminution in the
quality,quantity or value of an asset

Is This Answer Correct ?    93 Yes 6 No

what is depreciation?..

Answer / romi

Depreciation is a change in the value of assets according to
events and times.

Is This Answer Correct ?    64 Yes 15 No

what is depreciation?..

Answer / kranthi

depreciaton means gradually or permanant decrease in the
value of assets due to wear and tear, technology changes,
etc.

Is This Answer Correct ?    57 Yes 10 No

what is depreciation?..

Answer / vijay gawalkar

Depreciation is a non-cash expense that reduces the value
of an asset as a result of wear and tear, age, or
obsolescence. Most assets lose their value overtime and
must be replaced once the end of their useful life is
reached.

Is This Answer Correct ?    36 Yes 3 No

what is depreciation?..

Answer / achhar dass

depreciation is reduced the valu of the assets year to year

Is This Answer Correct ?    34 Yes 3 No

what is depreciation?..

Answer / kadirirakesh

permanent fall in the value of an asset

Is This Answer Correct ?    23 Yes 5 No

what is depreciation?..

Answer / kishore

decreasing the value of Assest in year to year

Is This Answer Correct ?    23 Yes 5 No

what is depreciation?..

Answer / deepu

Depreciation is decreasing the value of an asset.

Is This Answer Correct ?    13 Yes 2 No

what is depreciation?..

Answer / vinotha.v

the assets value year to year reduce the value (ie)
depreciation.

EX. Machinery value Rs. 10000/-
Depreciation @ 10%

Calculation of Depreciation:

Machinery value 10000

Less: Depreciation 10000*10% 1000
_______

Machinery original value: 9000
_______


Depreciation value = Rs.1000/-.

So The machinery value year to year to change.

ie Next year calculated the depreciation Rs.9000/-
(machinery).

Is This Answer Correct ?    15 Yes 4 No

what is depreciation?..

Answer / krishana

Depriciation is decrease on fix assets it is belong to
permanent assets. Depriciation should be on fix assets
because when we will use our assets Eventually it despite so

Is This Answer Correct ?    24 Yes 14 No

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