how do you charge Depreciation in p&l,(what basis and
value?)
Answer Posted / chaitanya
The written down value of plant or a machinery is known as
depreciation.The depreciation will be accounted into books
by taking in on debit side of profit and loss account.The
same amount of depreciation will also be deducted from the
astet a/c in balance sheet.The big firms will also be
maintaining seperate depreciation heads for its future
mobilisation of money from its reserves.
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