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Accumulated deperication

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(Querist)
01 August 2019 Sir

Fixed assets are stated at historical cost less accumulated deprecation what is the meaning for that

is this any problem
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Gokul Sharma

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Gokul Sharma (Expert)
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

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