where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?



where will be effect the amount of depreciation in company final account? If it will effect in P&am..

Answer / vijaya kumar

Depreciation is a notional expenses it is directly affected
two areas viz, one is the respective asset account, another
is profit and loss account where tax payment is reduced
since depreciation is a deductable expense in tax law. Not
the amounts indeed change because tax effect on the
depreciation portion is different.

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