Accumulated depreciation
This query is : Resolved
01 July 2014
what is accumulated depreciation ??
when we apply it ??
01 July 2014
Accumulated depreciation is nothing but the depreciation for the various years cumulatively is known as 'Accumulated Depreciation.
For example.
Cost of the asset=Rs.100000
Dep.for the 1st year=Rs.1000
Dep.for the 2nd year =Rs.1000
Then accumulated depreciation in 2nd year is=1000+1000=2000
WDV of the asset in 2nd year=10000-2000=8000
For example.
Cost of the asset=Rs.100000
Dep.for the 1st year=Rs.1000
Dep.for the 2nd year =Rs.1000
Then accumulated depreciation in 2nd year is=1000+1000=2000
WDV of the asset in 2nd year=10000-2000=8000
01 July 2014
accumulated depreciation is a account of reserve, when depreciation is charged periodically following entry is being made
Depreciation acc dr (PnL)
To accumulated depreciation (B/S)
since accumulate dep account is of B/S, at the end of each period it will show till date balance.
Depreciation acc dr (PnL)
To accumulated depreciation (B/S)
since accumulate dep account is of B/S, at the end of each period it will show till date balance.
01 July 2014
it is depreciation on particluarm assets form the year when you start depreciate to till date.
for example
purchase in 2001 and make depreciation then bal. of depreciation upto 31.3.2014 is accumulated depreciation for that assets.
for example
purchase in 2001 and make depreciation then bal. of depreciation upto 31.3.2014 is accumulated depreciation for that assets.
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