Is depreciation on fixed asset a capital expenditure
Answers were Sorted based on User's Feedback
Answer / dharmesh sati
No Depreciation will reduce your Profit so it is not
Capital Expediture
Capital Expediture is that from which Company generat some
kind of new asserts or for increasing the capicity of
available asserts.
Is This Answer Correct ? | 7 Yes | 2 No |
Answer / h.r. sreepada bhagi
Capital Expenditure results in creation/acquisition of Fixed
Asset. Depreciation is the process of reducing the value of
fixed assets in the books over the period of its life (in
any prescribed method and rates prescribed by Companies Act
or any other applicable law) by charging to the profit &
Loss A/c.
Its debited to the Profit & Loss A/c like any other Revenue
Expenditure.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / rajkumar
NO.
DEPRECIATION AMOUNT WILL BE LESS IN PROFIT
Is This Answer Correct ? | 8 Yes | 4 No |
Answer / shi
NO
Depreciation has no ties with Capital/Revenue
Expenditures, but simply it Reflects the Actual
BOOK VALUE of a certain Fixed Asset. A Depreciation
Schedule is prepared for this Asset, and its Debited
to its expense a/c either monthly or yearly.
Is This Answer Correct ? | 2 Yes | 2 No |
In tally drawing accounts come under which account
What is the Accountancy ? Give the Answer in one sentence.
WHAT IS TAX AUDIT? WHY & WHEN IT IS REQUIRE?
What is written off?
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
what is sevice tax? on what service tax is applicable. explain with examples?
how to prepair the acccounting MIS report?
Restrictions or limitations of members in banking Firms -------other firms
where i can file service tax and when what i need to file service tax?
ABC ANALYSIS,HMN ANALYSIS
Which one of these two (SAAP & GAAP ) software you prefer to use and why?
how many accouting standrs?