Easy Office

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 March 2015 why use of depriciation in fixed assests? what is depreciation?
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
29 March 2015 The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation.

Depreciation is a systematic and rational process of distributing the cost of Fixed assets over the usefull life of assets.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links