Question

What is depreciation ? Write its features.​

Answer 1

$\red{ \huge{ \underline{ \overline{ \mid{ \bold{ \purple{ \: \: ANSWER \: \: \red{ \mid}}}}}}}}$



$\underline{ \underline{ \mathbb{ \red{ \mathbb{ \huge{\: \: DEPRECIATION\: \: }}}}}}$



$\bold{Depreciation \: \: means \: \: decrease \: \: or \: \: } \\ \\ \bold{declined \: \: in \: \: the \: \: value \: \: of \: \: fixed \: \: assets \: .}$


$\bold{ \: Accoding \: \: to \: \: R.N.\: Carter , \: \: ''Depreciation \: \: is} \\ \\ \bold{the \: \: gradual \: \: and\: \: permanent \: \: decrease} \\ \\ \bold{in \: \: the \: \: value \: \: of \: \: assets \: \: from \: \: any \: \: cause \: .''}$




$\underline{ \underline{ \red{ \mathbb{ \huge{ \: \: FEATURES \: \: }}}}}$



$\bold{(1) \: Depreciation \: \: is \: \: a \: \: charge \: \: against} \\ \\ \bold{profit \: \: of \: \:a \: \: particular \: \: accounting} \\ \\ \bold{period \: .}$



$\bold{(2) \: \: Depreciation \: \: is \: \: calculate \: \: in \: \: a \: \: systematic \: \: } \\ \\ \bold{and \: \: raitional \: \: manner \: .}$



$\bold{(3) \: \: Depreciation \: \: decrease \: \: only \: \: the \: \: book} \\ \\ \bold{value \: \: of \: assets \: .}$



$\bold{(4) \: \: Depreciation \: \: is \: \: used \: \: only \: \: in \: \: respect} \\ \\ \bold{of \: \: tangible \: \: fixed \: \: assets \: .}$



$\bold{(5) \: \: Depreciation \: \: has \: \: no \: \: \: relation \: \: with} \\ \\ \bold{the \: market \: \: value \: \: of \: \: the \: \: assets \: .}$

Answer 2

\underline{ \underline{ \mathbb{ \red{ \mathbb{ \huge{\: \: DEPRECIATION\: \: }}}}}}

DEPRECIATION

Depreciation means decrease or

declined in the value of fixed assets.