Dear Experts,
1, P&L is calculated after deducting the Depreciation.
2. This P&L will be transferred into Capital account or Reserve & Surplus.
3. My query :
Where this much amount depreciation will go such as cash or something else
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Depreciation ampunt rteg
Replies (2)
Depreciation is non cash expenditure it will reduce the assets balance in the balance sheet
Payment should have gone already to buy the PPE . So it is not allowed as deduction at the time of purchase and As per AS-10 PPE it's allowed partly and not fully over the useful life
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