Interested to Buy Any Domain ? << Click Here >> for more details...
Depreciation is asset or liability?
- 9 Answers
- 40147 Views
- JPMorgan Chase, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raturivikas
neither asset nor liability, its an expense
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / bharath
it is neither an Asset or liability, it is a non trading
expense
| Is This Answer Correct ? | 22 Yes | 5 No |
Answer / giri
Depreciation is a non-cash expense. So, it is added back
when calculating cash flow. When an asset depreciates fully
then from every years depreciated amount new assets can be
purchased.
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / us
If you want to ask about Acumulated Depreciation than it is
a contra-Asset :) Most of the people think it as a liability
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / nishi
Deprociation is not an asset and not a liability. it is a
expense, which decrease the value of our assets.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sravanthi
Depreciation is neither asset nor liability. it's just a
charge against profits, which in long run is used to
purchase a new asset.
Depreciation means allocation of depreciable amount of an
asset over its estimates working life.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / sachin tapse
Depreciation is nominal account and is always debited to
P&L A/c. It is shown in B/s Asset side as "Fixed asset
less depreciation". So, it can't be asset nor liability
also it is a permanent and gradual decrease in the value of
asset(non-trading expense).
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / manish
depriciation is neighter assets and liability it is non
trading ex.
| Is This Answer Correct ? | 4 Yes | 0 No |
Please explain in brief why you consider yourself suitable for the position applied for?
2 Answers Accounting, Godrej, KEC,
What is State Cheque?
What is vlookup?How it is prepared?
How do the accounting standards facilitate the work of accountants?
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
what is the organisation chart for accounting and finance ?
why is TDS treated as an asset while preparing Balance sheet.
Break-even analysis
Expand---------PTSR
recently release the 6.0 version not succede in the market why?
what is difference between b.r.c and f.i.r.c
how many schedules are there in accounting?
Audit 
