Topic Link Level Meaning and Characteristics Click Here Basic Objectives of providing depreciation Click Here Basic Factors in depreciation calculation Click Here Basic Methods of recording depreciation Click Here Basic Asset Disposal Account Click Here Basic

Depreciation Read More »

Meaning of Depreciation

Depreciation is the reduction in the value of an asset due to : Depreciation can be used both in the practical sense and in accounting sense. In practical sense the reduction happens in the market value of an asset you own like mobile phone, laptop, car, furniture, washing machine, TV, etc. whose value reduces as

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