Depreciation is the cut in the value of fixed assets due to its use or obsolescence. By and large depreciation is charged at some percentage on the value of fixed asset.
Depreciation will always materialized on the debit side of Profit and Loss(P&L) account and on the assets side of the Balance Sheet by way of deduction from the value of concerned asset.
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment