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What is the use of depreciation?

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Anonymous

16y ago
Updated: 8/17/2019

Depreciation is the distribution of cost of asset over its useful life. It is calculated as depreciation is allowed as deduction from the income of entity while calculating its tax liability. The above answer is given in respect of Indian Accounting Standards.

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16y ago

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Distinguish between depreciation policy and the concept of depreciation?

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