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"since the calculation of depreciation is based on
estimate,notfacts,why bother to make the calculation?
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Answer Posted / sameer nirmal
It's very much important to ascertain right value of
assets, depreciation is the value of assets which is used
in making profit. It is one of the kind of loss for the
company or firm.We need not to decide percentage of
depreciation over assets it's already given in Accounting
Standard 6.
| Is This Answer Correct ? | 2 Yes | 11 No |
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