Accumulated depreciation
This query is : Resolved
01 July 2014
what is accumulated depreciation ??
when we apply it ??
01 July 2014
Accumulated depreciation is nothing but the depreciation for the various years cumulatively is known as 'Accumulated Depreciation.
For example.
Cost of the asset=Rs.100000
Dep.for the 1st year=Rs.1000
Dep.for the 2nd year =Rs.1000
Then accumulated depreciation in 2nd year is=1000+1000=2000
WDV of the asset in 2nd year=10000-2000=8000
For example.
Cost of the asset=Rs.100000
Dep.for the 1st year=Rs.1000
Dep.for the 2nd year =Rs.1000
Then accumulated depreciation in 2nd year is=1000+1000=2000
WDV of the asset in 2nd year=10000-2000=8000
01 July 2014
accumulated depreciation is a account of reserve, when depreciation is charged periodically following entry is being made
Depreciation acc dr (PnL)
To accumulated depreciation (B/S)
since accumulate dep account is of B/S, at the end of each period it will show till date balance.
Depreciation acc dr (PnL)
To accumulated depreciation (B/S)
since accumulate dep account is of B/S, at the end of each period it will show till date balance.
01 July 2014
it is depreciation on particluarm assets form the year when you start depreciate to till date.
for example
purchase in 2001 and make depreciation then bal. of depreciation upto 31.3.2014 is accumulated depreciation for that assets.
for example
purchase in 2001 and make depreciation then bal. of depreciation upto 31.3.2014 is accumulated depreciation for that assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
