Depreciation

Explain the need and significance of depreciation. What factors should be considered for determining the amount of depreciation?

Leave a Comment / BCOC-131 /

Introduction Depreciation is an important concept in accounting. It refers to the gradual reduction in the value of a fixed asset over its useful life due to wear and tear, usage, obsolescence, or passage of time. It is a non-cash expense recorded in the books of accounts to reflect the reduction in the asset’s value […]

Explain the need and significance of depreciation. What factors should be considered for determining the amount of depreciation? Read More »

What is the difference between SLN and DB method of Depreciation? How are they implemented in MS Excel?

Leave a Comment / BCOS-183 COMPUTER APPLICATION IN BUSINESS /

Introduction Depreciation is a method of allocating the cost of a tangible asset over its useful life. Businesses use depreciation to account for the decrease in value of an asset over time due to wear and tear, obsolescence, or usage. In Microsoft Excel, depreciation calculations can be automated using built-in financial functions. Two commonly used

What is the difference between SLN and DB method of Depreciation? How are they implemented in MS Excel? Read More »

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