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Does depreciation mean spreading over the cost

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1359 Points Posted on 13 June 2022
does depreciation mean spreading over the cost
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On 13 June 2022 at 13:20 Report
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Chartered Accountant
86505 Points Posted on 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.
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On 13 June 2022 at 14:12
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CFO- at NHTF
58280 Points Posted on 13 June 2022
Spreading the cost over the useful life of asset
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On 13 June 2022 at 20:14
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Profession Business
28207 Points Posted on 15 June 2022
Amount set aside for future repairs . Depreciation is basically inflow .In cash flow statement we show it as inflow.
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On 15 June 2022 at 09:49
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CFO- at NHTF
58280 Points Posted on 15 June 2022
Not only for repairs but also for buying new or replacement of asset
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On 15 June 2022 at 11:29
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Chartered Accountant
86505 Points Posted on 18 June 2022
Agreed
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On 18 June 2022 at 23:37


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