Question

Define depreciation. Why is it necessary to provide depreciation ? discuss various factors which are considered for calculating Depreciation​

Answer 1

Answer:

Need to Provide Depreciation

Depreciation needs to be provided because an asset is bound to undergo wear and tear over a period of time. This reduces the working capacity and effectiveness of the asset. Hence, this should reflect the value of the asset, at which it is carried in the books of accounts.There are four main factors that affect the calculation of depreciation expense: asset cost, salvage value, useful life, and obsolescence.

Answer 2

Answer:

a group of conditions associated with the elevation or lowering of a persons mode, such as depression or bipolar disorder