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Depreciation

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Depreciation
  • 1 answers

Jyoti Dugar 4 years, 2 months ago

Depreciation is the decrease in the monetary value of the tangible assets of the company due to use,  wear &  tear or obsolescence.  Such depreciated amount is deducted from the gross profit of the company and is shown as an Indirect expense in the statement of profit and loss a/c of the company. 

There are different methods in accounts for depreciation but most common are straight line and written down value.  

http://mycbseguide.com/examin8/

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