Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.
Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.
Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.
eAnswers Team
Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.
eAnswers Team
Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.
eAnswers Team
Depreciation is a reduction in the value of an asset.
The reason could be wear and tear , permanent fall of market price of the asset, or outdated technology. Depreciation must be treated as a cost. Therefore, the amount of depreciation must be deducted from the asset and debited to the profit and loss account.