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what is the entry for accumulated depreciation?n why it is
used?when it is necessary?

Answer Posted / k. srinivasa rao

Depreciation should be accounted every year, to know the
exact value of the asset as on particular date. it usefull
to resale of the asset also.

Depreciation a/c. (Indirect Expenses)

to Depreciation Reserve (Fixed Assets group)

(Being depreciation accounted for the year ....)

Is This Answer Correct ?    2 Yes 5 No



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