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Depreciation accounting

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Querist : Anonymous (Querist)
06 September 2013 What is Depreciation reserve fund??
And why we create this fund?

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Hemant Kumar

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Hemant Kumar (Expert)
06 September 2013 A business fund in which the probable replacement cost of equipment is accumulated each year over the life of the asset, so it can be replaced readily when it becomes obsolete and totally depreciated.

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