Depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2017 what is depreciation, accumulated depreciation and provision for depreciation??
what is the difference between these three??

Please advise

CA Gopal Somani

CA Gopal Somani (Expert)
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04 April 2017 A similar question was asked earlier on this portal, Please check the below link -

https://www.caclubindia.com/forum/accumulated-depreciation-depreciation-prov-for-depreciation-9709.asp

Please let me know if you have further queries.

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2017 As you said Some companies want to show fixed asset at Original cost so they will credit accumulated depreciation instead of fixed asset, there is any reason behind this if it is please suggest.

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