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What is depreciation? What are the various methods thereof?
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Answer Posted / gayathri
when we are using fixed assets there wil be depreciation
and that asset will lost the quality and quantity
periodically its called depreciation. and there are 11
types of depreciation
1 straight line method
2 diminishing balance method
3 annuity method
4 depreciation fund method
5 insurance policy method
6 sum of digits method
7 revaluation method
8 depletion method
9 replacement method
10 machine hour rate method
11 method of reserving a composite sum for repairs,
renewals and depreciation.
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