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what is depreciation ? and its entries ?

Answers were Sorted based on User's Feedback



what is depreciation ? and its entries ?..

Answer / gopal

decreasing the value of an asset, due to the wear and tear
of the asset..

Depreciation a/c Dr.
To Asset a/c Cr....
(Being the asset depreciated)

Is This Answer Correct ?    39 Yes 2 No

what is depreciation ? and its entries ?..

Answer / nisha

depreciation is wear & tear arises in the value of asset
due to its use & passage of time. it shall be calculated on
historical cost or any value replacing the historical cost.
Provision For Deperciation A/C DR
To Fixed Asset A/c
P&L A/c DR
To Provision For Deperciation A/C

Is This Answer Correct ?    21 Yes 2 No

what is depreciation ? and its entries ?..

Answer / anchit saxena

this term depreciation is used to denote decrease in the
book value of a fixed asset.

Entry is- Depreciation a/c dr.
to Asset a/c

Is This Answer Correct ?    4 Yes 1 No

what is depreciation ? and its entries ?..

Answer / guest

DEprection means permanent and gradual fall of asset value
due to vare and tare, useage etc.

deprection a/c dr
to fixed asset a/c

Is This Answer Correct ?    3 Yes 0 No

what is depreciation ? and its entries ?..

Answer / naveen yadav

depreciation mean it is a permanent degrease in the value
of asset .loss in the value of asset.
depreciation a/c dr
to fixed a/c cr

(being depresiation on fixed asset)

Is This Answer Correct ?    1 Yes 0 No

what is depreciation ? and its entries ?..

Answer / yogeshd

Due to use of Fixed Asset their value is reduced that reduction in value is called depreciation

Depreciation A/c Dr.
To Asset A/c

Is This Answer Correct ?    1 Yes 0 No

what is depreciation ? and its entries ?..

Answer / manoharkommuru

depreciation a/c dr
To accumulated depreciation

Is This Answer Correct ?    1 Yes 0 No

what is depreciation ? and its entries ?..

Answer / manoj kumat

depreciation is the portion of the total cost of a fixed assets which is charged against revenue as an expense in on accounting periods.

SLM- Straught line mathod
WDV- Weight down value

Is This Answer Correct ?    1 Yes 3 No

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