Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is meant by depreciation? - Accountancy

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Short Note

What is meant by depreciation?

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Solution

  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.
Concept: Depreciation
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Chapter 10: Depreciation Accounting - Very short answer questions [Page 224]

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Tamil Nadu Board Samacheer Kalvi Class 11th Accountancy Answers Guide
Chapter 10 Depreciation Accounting
Very short answer questions | Q II 1. | Page 224

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