Concept of Depreciation

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Concept of Depreciation

Transcript of Concept of Depreciation

Page 1: Concept of Depreciation

Concept of Depreciation

Page 2: Concept of Depreciation

Definition

Depreciation is defined as that portion of the cost of the assets that is deducted from the revenue for assets services used in the operation of a business.

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Features

Depreciation is charged on fixed asset only. Depreciation is charged on the book value. It has nothing to do with market value of fixed

asset. Depreciation charged on permanent basis.

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Feature (contd)

Once the Depreciation is charged ,it reduces the value of the Asset permanently.

Depreciation is charged on a continuous basis. The charge of Depreciation will decrease the

value of Asset gradually.

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Factors determining Depreciation to be charged

Cost of the Assets

Estimated Scrap Value

Estimated Useful Life of Asset

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Thank you…


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CONCEPT AND ACCOUNTING OF DEPRECIATION - CA Study

CONCEPT AND ACCOUNTING OF DEPRECIATION - CA Study

Type of depreciation funds

Type of depreciation funds

Methods of depreciation

Methods of depreciation

Depreciation complete concept and methods

Depreciation complete concept and methods

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Basics of Depreciation

Basics of Depreciation

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02 - Methods of Depreciation

02 - Methods of Depreciation

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