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Does depreciation mean spreading over the cost
does depreciation mean spreading over the cost
Replies (5)
Quick Summary
You can called it so, but actually it is provision for reduction in value due to wear & tear or use of such asset.
Spreading the cost over the useful life of asset
Amount set aside for future repairs . Depreciation is basically inflow .In cash flow statement we show it as inflow.
Not only for repairs but also for buying new or replacement of asset
Agreed
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