Hello members,
I want to discuss whether there is a relation between Accumulated Depreciation and Depreciation Reserve Fund?
How are these different, and both are reported in balance sheet?
Menu
Relation between accumulated depreciation and depreciation reserve fund
Replies (9)
accumulated depreciation is the yearly normal dep that is charged
dep res fund is a bus fund in which probable replacement cost of equipment is accumulated each year over life of asset. it can be replaced readily whenever it becomes obsolete
dep res fund is a bus fund in which probable replacement cost of equipment is accumulated each year over life of asset. it can be replaced readily whenever it becomes obsolete
ACC dep shown as deduction from fixed assets under non current assets and dep res fund shown under reserves and surplus
yes that's right
sir actually one is reserve and other is provision..
so a balance sheet can have both a time
so a balance sheet can have both a time
Recent Threads
- F&o profit or loss can show a government emplo
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
- U4gm-Leveling an Amazon Build with Lightning Spear
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
Related Threads
CAclubindia
