Chapter-7 Depreciation, Provisions and reserves

Accountancy (11th)

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

Download Solution PDF

What is depreciation?

Cost of using a fixed asset

The value of asset

Portion of a fixed assets cost consumed during the current accounting

Cost of fixed asset’s repair

Explanation:

Depreciation is the cost of using a fixed asset .It is the decrease in the value of a fixed asset due to wear and tear in the asset due to their constant use.Example- Decrease in the value of machine as they become old.

By: santosh

Profile ResourcesReport error

Trial Period Ended