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Answer Posted / jayasree
What is depreciation and tell me different types of
depreciations:
Depreciation is the reduction in the value of an asset due
to usage, passage of time, wear and tear, technological
outdating or obsolescence, depletion, inadequacy, rot,
rust, decay or other such factors.
Methods:
1. Straight line or fixed installment method
2. Diminishing balance method.
3. Activity Depreciation
4. Composite depreciation
5 Sum of years Digits depreciation
6. Group digit depreciation
7. Uinit of time depreciation
8. Unit of product depreciation
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