Does depreciation mean spreading over the cost
Atharv Sankliya (1359 Points)
13 June 2022
does depreciation mean spreading over the cost
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 13 June 2022
You can called it so, but actually it is provision for reduction in value due to wear & tear or use of such asset.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 June 2022
Spreading the cost over the useful life of asset
sabyasachi mukherjee
(27841 Points)
Replied 15 June 2022
Amount set aside for future repairs . Depreciation is basically inflow .In cash flow statement we show it as inflow.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 June 2022
Not only for repairs but also for buying new or replacement of asset
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