Depreciation – An Overview and Insight
Depreciation – An Overview and Insight

The term ‘depreciation’ is in existence from years and it is considered  among  one  of  the  most  talked  about  subject in the field of accountancy. The subject of accounting for depreciation has always been a matter of crucial importance for the purpose of true and fair determination of the operating results of an entity and the depiction of the financial position through its profit and loss account and the balance sheet, respectively.

In simple words “Depreciation  means  reduction  in  the  value  of  a  fixed  asset  used  in the business due to wear and tear and effluxion of time.”

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