Is depreciation on fixed asset a capital expenditure
Answer Posted / shi
NO
Depreciation has no ties with Capital/Revenue
Expenditures, but simply it Reflects the Actual
BOOK VALUE of a certain Fixed Asset. A Depreciation
Schedule is prepared for this Asset, and its Debited
to its expense a/c either monthly or yearly.
Is This Answer Correct ? | 2 Yes | 2 No |
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