where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?
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Answer Posted / ankita(business.ankita@gmail.c
yes dep. ...will take place on p/l and B/S.... suppose..a
labnd of rs 100000..DEP IS 10 PERCENT....THEN AMOUNT 10000
WILL BE IN PROFIT AND LOSS....
AND IN BALNC SHEET...IT WILL BE DEDUCTED IN 100000...SO
MEANS 90000 WILL BE SHOWN ON b/s on asset side.....
AMT OF DEP WILL BE SAME 10000...IN BOTH PLACES....
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