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What is depreciation and how many methods are using explain
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Answer Posted / imraz
Methods of depreciation:
1. Unirorm charge methods:
a. Fixed installment method
b .Depletion method
c. Machine hour rate method.
2. Declining charge methods:
a. Diminishing balance method
b.Sum of years digits method
c. Double declining method
3. Other methods :
a. Group depreciation method
b. Inventory system of depreciation
c. Annuity method
d. Depreciation fund method
e. Insurance policy method.
Depreciation Methods:
1. Straight Line Method or Fixed Installment method
2. Diminishing Balance Method
3. Sinking Fund Method
4. Annuity Method
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