Depreciation
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Jyoti Dugar 4 years 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.
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