Depreciation
This query is : Resolved
29 March 2015
why use of depriciation in fixed assests? what is depreciation?
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.
Depreciation is a systematic and rational process of distributing the cost of Fixed assets over the usefull life of assets.
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