Economy, asked by annayat, 1 year ago

what is the significance of depreciation reserve fund

Answers

Answered by akashkumarsuman

28

Depreciation reserve is a business fund in which the probable replacement cost of equipment is accumulated each year over the life of the asset. It can be replaced readily when it becomes obsolete and totally depreciated. It is the total depreciation charged against all productive assets as stated on the balance sheet.

Previous Question

Next Question

Similar questions

Math, 7 months ago

please send me this answer step by step...

Computer Science, 7 months ago

Write an HTML code to generate the following output. The title should be About My City. Place your City name at the top of the page in large text and in blue colour. Add names of landmarks in your city each in a different colour, size and typeface. Add scrolling text with a message of your choice at the top of your HTML document.

Math, 7 months ago

4 cards are drawn from a well shuffled 52 cards what is the probability of obtaining 3 diamonds and 1 spade ...

Science, 1 year ago

what is the birth place of Edison...

Chemistry, 1 year ago

Write about different chemicals processes used for obtaining a metal from its oxide for 1.metals in the middle of the reactivity series 2.metals low in the reactivity series 3.metals towards top of the reactivity series...

Environmental Sciences, 1 year ago

does global warming make it colder in the winter...

Social Sciences, 1 year ago

list the hazards in the mountain areas,coastal areas and plateau areas of India...

Environmental Sciences, 1 year ago

does global warming make winters colder...