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What is meant by depreciation?

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प्रश्न

What is meant by depreciation?

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उत्तर

  1. The process of allocation of the relevant cost of a fixed asset over its useful life is known as depreciation.
  2. It is an allocation of cost against the benefit derived from a fixed asset during an accounting period.
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अध्याय 10: Depreciation Accounting - Very short answer questions [पृष्ठ २२४]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 10 Depreciation Accounting
Very short answer questions | Q II 1. | पृष्ठ २२४
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