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What do you mean by depreciation?
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Answer / mahboob alam
Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciation asset arising from use, effluxion of time or obsolescence through technology and market changes.
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Answer / nagaraju vuppala
depreciation is simply a method of allocating the cost of a tangible asset over the expected useful life of the asset. As a simple example, a machine that cost Rs1,00,000/- would depreciate at a rate of 10% per year
Depreciation Amount = Asset Value x Annual Percentage
Balance = Asset Value - Depreciation Value
, Generally we use Straight Line method
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Answer / sanmilan
All Assets have a Life Span. The capacity or productivity of
particular asset need not be same as initial years after
using the same for 5 years. So cost of acquiring an asset is
spread over the estimated life of the assets. This is called
Depreciation.
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Answer / rajesh v c
Depreciation is a provision made in order to replace the old asset.
| Is This Answer Correct ? | 0 Yes | 1 No |
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