types of providing depreciation

Deepak kumar sharma (Govt. job) (2946 Points)

13 October 2012  

Dear all,

I hope the day is treating you well

i have a normal question

There are two main types of providing dep on fixed assets

1. When provision for depreciation A/c is kept

2. When depreciation is directly charged to respective assets A/c

I need clarification about rules of using both methods i.e. when we use one or another mehtod?