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Relation between accumulated depreciation and depreciation reserve fund

Others 1085 views 9 replies
Guest

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? 

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On 28 January 2019 at 15:32 Report
Replies (9)
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Team Lead
7558 Points Posted on 28 January 2019
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
30 Reply
On 28 January 2019 at 15:41
Guest
Thanks for comment. And how about their disclosure in the financial statements?
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On 28 January 2019 at 15:51
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Team Lead
7558 Points Posted on 28 January 2019
ACC dep shown as deduction from fixed assets under non current assets and dep res fund shown under reserves and surplus
30 Reply
On 28 January 2019 at 16:02
Guest
So do you mean both have credit balance?
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On 28 January 2019 at 16:05
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Team Lead
7558 Points Posted on 28 January 2019
yes that's right
30 Reply
On 28 January 2019 at 16:08
Guest
Can a balance sheet have both accounts simultaneously? How?
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On 28 January 2019 at 16:11
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Article
698 Points Posted on 28 January 2019
sir actually one is reserve and other is provision..
so a balance sheet can have both a time
4 Reply
On 28 January 2019 at 18:15
Guest

Thank you. I just wanted to confirm this.

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On 28 January 2019 at 18:19
Guest
Does someone has a balance sheet having both accounts in it?
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On 29 January 2019 at 09:39


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