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 Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
