What do you mean by depreciation?
Answers were Sorted based on User's Feedback
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 |
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately
Asset A/c is a ............... (a) Personal a/c (b) Real a/c (c) Expense a/c (d) Personal or Real a/c
excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
"money left on the table," what it means???
treatment of reserve fund in trail balance whether debit or credit.
discuss depreciation and types of depreciation
In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Purchased 10 pcs Mouse @ 230 from TC Ltd and get another 2 pieces as free sample.
The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this.
27 Answers Accenture, Genpact, Sunshine,
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.