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Depreciation

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(Querist)
07 April 2014 Why we charge depreciation? ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 April 2014 When an expenditure is incurred the same is charged to P/L in the same year since it is that years expense. But expenditure on purchase of Fixed Assets is charged to P/L over the useful life of the asset by way of depreciation since the Fixed Assets provide benefit over its useful life.
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