Depreciation

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Daya

Daya (Querist)
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23 February 2014 (1) why provision for depreciation is created in company.

Thanks in Advance.

P V Ram

P V Ram (Expert)
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23 February 2014 To accumulate funds for restoring the asset after its useful life so that business can continue as per going concern concept.

Thanks!

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Depreciation

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