Depriciation features
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Basic Features of Depreciation
- The term depreciation is related to depreciable fixed assets only.
- It is a charge against profits i.e. an expense to the Profit and Loss A/c.
- It is a permanent and continuous decrease in the book value of an asset.
- It is caused due to wear and tear, effluxion of time, obsolescence etc.
- It is a non-cash expenditure.
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Answered by
3
Answer:
Basic Features of Depreciation
The term depreciation is related to depreciable fixed assets only.
It is a charge against profits i.e. an expense to the Profit and Loss A/c.
It is a permanent and continuous decrease in the book value of an asset.
It is caused due to wear and tear, effluxion of time, obsolescence etc.
It is a non-cash expenditure.
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