Depreciation expenses is for one specific fiscal year while accumulated depreciation is the sum of all depreciation expenses that’s why accumulated depreciation exceeds the depreciation if there is depreciation expense in prior year as well.
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
is depreciation expense a non-cash expense
28.04.2012 depreciation is part of operating expenses Popoola
Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of
no
No. Accumulated depreciation is depreciation accumulated every year and it will only increase and won't decrease. Depreciation expenses is incurred every year.
No it doesn't include
Missing depreciation will increase the profit while reduce the expenses in the year in which depreciation is missing.
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
Yes, depreciation is an expense and like all other expenses which reduces the incomes depreciation also reduces the income and as lower the income as lower the tax.