Depreciation

This query is : Resolved 

15 November 2011 Dear sir
will you tell me about depreciation
what is depreciation? and depreciation is loss or expenses and why?

15 November 2011 Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets due wear & tear, Obsolence

Depreciation is an expenses, loss means in the nature of difference between purchase price and selling price concept.but depreciation like that

16 November 2011 Depreciation is the valuation of wear and tear of capital goods. It is an 'allowance' not a loss and a non cash expenditure.


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