Depreciation


30 September 2017 Dear experts / frns, while calculating depreciation for assets, if any of them damaged/ deteriorated/ lost / no use any more, how to show it in accounts? & how to put the entry for this?

30 September 2017 Write off the asset if not required

30 September 2017 Entry will be, "P & L A/c (Dr) to "Assets a/c

30 September 2017 is it correct?

30 September 2017 Depreciation a/c DR to Asset depreciation will be under indirect expense

30 September 2017 Alternative you may pass the entry Depreciation a/c DR to provision for depreciation

30 September 2017 Thank you...


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