What do you mean by depreciation?
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Answer / amit
depreciation is the loss in the value of assets due to wear
& tear & obsolence,like change in the technology.
| Is This Answer Correct ? | 21 Yes | 1 No |
Answer / rabindra kumar mallick
Depreciation means permanent, continuing & gradual
decreasing value of a fixed asset.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / mohammed irfan khan
Depreciation is the decrease in the value of fixed asset
due to wear and tear(usage),obsolence etc.
the important point to note is deprecation is for fixed
assets only
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / amit pandey
depreciation is the lose of value of assets due use of
assets. it is help to calculate net profit of biseness.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / shahid raza, pgdm,l.b.s,g.noid
When we use any fixed assets, what ever faal accures in the utility or value of that fixed assets, that is called depreciation for that assets.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / seetu
Depreciation refers to two very different but related
concepts:
decline in value of assets, and
allocation of the cost of tangible assets to periods in
which the assets are used.
The former affects values of businesses and entities. The
latter affects net income. Generally the cost is allocated,
as depreciation expense, among the periods in which the
asset is expected to be used. Such expense is recognized by
businesses for financial reporting and tax purposes.
Methods of computing depreciation may vary by asset for the
same business. Methods and lives may be specified in
accounting and/or tax rules in a country. Several standard
methods of computing depreciation expense may be used,
including fixed percentage, straight line, and declining
balance methods. Depreciation expense generally begins when
the asset is placed in service. Example: a depreciation
expense of 100 per year for 5 years may be recognized for
an asset costing 500
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / deepika
Distribution of the value of an assets over its useful life.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / soumya ranjan barik cma
DEPRECIATION is gradual decreasing in the value of fixed assets due to wear and tear or Obsolences.
| Is This Answer Correct ? | 0 Yes | 0 No |
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Audit 
