Depreciation Theory

  • Depreciation means a fall in the value of an asset because of its usage or with the efflux of time, or due to its obsolescence or accident.
  • Features of depreciation are reduces the book value o .... Read More

Application of Depreciation

  • Assets account is prepared in the books to record all transactions relating to assets like further cost of assets, sale of assets, etc. Cost of the asset includes its purchase price, transportation cost, installation etc.
  • Depreciation account i .... Read More

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