The depreciation that has occurred as a result of physical, functional or economic affects and have caused a loss in the value of a building.
For anything other than land, which is not allocated, the reclassification of tangible assets is called depreciation (for anything other than natural resources) or depletion (for natural resources) expense.
depreciation is a non cash item which have no physical outflow ... when depreciation is applied on tax cash flow it saves tax resulting in decrease in cash outflow
Depreciation policy is management thing that what depreciation method to use and how much depreciation to charge to each asset. Depreciation concepts are concepts which govern the depreciation process which management cannot change they are universal rules to follow depreciation that how straight line depreciation work etc.
Debit depreciation accountCredit accumulated depreciation
The depreciation that has occurred as a result of physical, functional or economic affects and have caused a loss in the value of a building.
For anything other than land, which is not allocated, the reclassification of tangible assets is called depreciation (for anything other than natural resources) or depletion (for natural resources) expense.
To learn about asset depreciation, you should go to en.wikipedia.org/wiki/Depreciation. Another good site is taxguide.completetax.com/text/Q14_2900.asp
depreciation is a non cash item which have no physical outflow ... when depreciation is applied on tax cash flow it saves tax resulting in decrease in cash outflow
because with out human resources there would be no physical resources
by not all planting our forest resources. sab ko kat ke phek dalo
impacted teeth is prevented from eruption in the oral cavity because of some physical barrier whereas submerged tooth is not prevented by any physical barrier
physical resources are the resources that are made by man through his abilities and skill.the buildings,technology, and many more products that are made by man is an example of physical resources.this resource helps man's daily activities become easy.
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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.
It is more important because without it, there would never be physical resources.