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DEPRECIATION
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Answer / me
An accounting process by which the cost of a FIXED ASSET, such
as a building or machinery, is allocated as a periodic
expense, spread over the depreciable
life of the ASSET
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / madhulika2011
A METHOD OF ALLOCATING THE COST OF TANGIBLE ASSETS OVER ITS USEFUL LIFE. BUSINESS DEPRECIATE LONG TERM ASSET FOR BOTH TAX AND ACCOUNTING PURPOSE.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / laymanblog
In simple, it means Decrease in the value of the assets. So
the company mentioned the present value of the asset,
deduction the depreciated(decreased) value in the Balance
Sheet.
| Is This Answer Correct ? | 3 Yes | 2 No |
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Distinguish between capital expenditure & revenue expenditure
4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
How a company can purchase materials from any other state without a way bill ?
exchanged old furniture for new,the value of old furniture was rs 350 while the vaue of new furniture was rs 900 balance paid in cash what will be the journal entry according to you
2 Answers Chartered Accountant,
what is cost unit n what is cost sheet?
Where is Profit and Loss posted in a balance sheet?
What is Trading Account? What is the significance of this account?
In tally, i want indirect expenses to be an outstanding expense for me in such a way that if i include it in the sales voucher, it should not add to the price of the product but rather only indirect expenses should be credited. How is it possible?
Hi Everyone, We purchased the Goods from other state, and I am liable for Entry Tax, my entry Tax is deposited in bank before 15th of every month. Now my questtion is : I purchase the Packing Items from other state but I return the same to suplier should it require entry tax deposit or not for this items. please explain
Audit 
