All about Depreciation

Prince Kumar Baranwal , Last updated: 20 December 2012  
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What is depreciation? Depreciation as per law of lexicon is defined as positive decline in the real value of a tangible asset because of consumption, wear and tear or obsolescence. The concept of depreciation is widely used for the purpose of writing off the cost of an asset against profit

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Published by

Prince Kumar Baranwal
(Consultant at Ravinder Mahajan & Co.)
Category Income Tax   Report

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