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Depreciation

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Querist : Anonymous (Querist)
07 January 2013 is it necessary to claim depreciation by an educational society in their annual accounts ?
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shivaji prasad bhimavarapu

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shivaji prasad bhimavarapu (Expert)
07 January 2013 Yes. Depreciation is diminution of value of assets.Satisfying the accounting standards, the accounts should show the value of assets after depreciation.

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