How increased Depreciation amount in case of Change in the Methods of Depreciation is to be shown in Cost Accounting Records.
1 Replies
SACHIN LUNKER
(Article)
(46 Points)
Replied 17 April 2012
1)The increased Depreciation amount is to be debited as an expense. 2)Depreciation amount to be deducted from BV of asset. 3)The net effect & impact of increased depreciation to be disclosed in Notes to Accounts.
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