What are types of Depreciation?
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Depreciation is explained in both accounting and economic terms.
There are two types of depreciation in terms of real capital assets namely; physical depreciation and functional depreciation. The physical depreciation is the total loss in market value which is caused due to some of the physical activities. This depreciation involves any kind of repairs that involve cost. In this depreciation there are two kinds, one that is curable and the other that is incurable. The curable one is the one, which can be corrected economically. The other, which is the incurable, involves huge amounts of cost. Subsequent the Functional Depreciation is the total loss caused by inadequate design.
In the subject of accounting there are two types of depreciation; Book Depreciation and Tax Depreciation. Book Depreciation is done for the reference of the company in order to report its financial records to its share holders, stockholders, etc. Tax Depreciation is simply done for the reason of collecting taxes.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / s.tamil selvan
Depriciation is a gradual decrease in the value of asset
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / satessh dongare
In simple words Deprication means continous and gradual
reduction in the value of assests.
There are 2 types of dep.
1) Fixed balanced method.
2) Reducing balance method.
| Is This Answer Correct ? | 26 Yes | 32 No |
Answer / gyanivusan dash
there are two types of depreciation first one is streight
line and then written down value depreciation.
| Is This Answer Correct ? | 31 Yes | 49 No |
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