Accumulated deperication
This query is : Resolved
01 August 2019
Sir
Fixed assets are stated at historical cost less accumulated deprecation what is the meaning for that
is this any problem
Fixed assets are stated at historical cost less accumulated deprecation what is the meaning for that
is this any problem
02 August 2019
historical cost of asset means purchase price of asset and accumulated depreciation means depreciation accumulated for years.
historical cost- accumulated depreciation = asset cost net of depreciation
historical cost- accumulated depreciation = asset cost net of depreciation
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