Depreciation, Provisions and Reserves Matching principle requires that the revenue of a given period is matched against the expenses for the same period. This ensures ascertainment…
Depreciation Definition Depreciation is the permanent and continuing diminution in the quality, quantity or value of an asset The Institute of Chartered Accountants of England…
-Meaning -Depreciable assets -Factors causing depreciation -The need and objective of providing depreciation -Basics factor to be known before calculating depreciation -Methods…