depreciation
This query is : Resolved
21 November 2008
Is Depreciation incase of COMPANIES a charge against profits or appropriation of profits
22 November 2008
Depreciation is a charge agaist profit and not appropriation out of profit.
23 November 2008
Depreciation is not compulsory under companies act. it is to be made only when dividends are to be declared by the company. Then how could it become charge against profits as it is indirecly in the power of the management to provide for depreciation or not
23 November 2008
Against PROFITS & not appropriation
Guest
Guest
(Expert)
09 October 2009
Agree to above answer.
There is no provision related to that.
It is traditional practice.
There is no provision related to that.
It is traditional practice.
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