Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Depreciation is asset or liability?

Answer Posted / sravanthi

Depreciation is neither asset nor liability. it's just a
charge against profits, which in long run is used to
purchase a new asset.
Depreciation means allocation of depreciable amount of an
asset over its estimates working life.

Is This Answer Correct ?    8 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3430


what is Functional Specification in SAP FICO?

962


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

1976


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1964


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

2355


What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5874


while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

2010


Reserve Capital and Reserve Capital

2210


what is the reason for balance sheet not getting tallyed

2181


i want know how to calculate it in payroll please mail me the percentages using there ?

2020


EXPAND___________NBW

1836


what happens to each of the three primary financial statements when gross margin decreases?

1967


What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?

1792


What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books

2202


What is Summarising

2375