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Depreciation Assignment Help, in myhomeworkhelp.com
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What is depreciation?
While you are studying accountancy, it is very much necessary to learn the basic concepts. Depreciation is a basic concept and is termed as the decrease in asset value. It can also be termed as depreciation in fair value. There is yet another concept of depreciation, as per accounting standards and norms. When there is a correct allocation of asset costs, to those periods where these assets are managed, you can term it depreciation.
The difference between two explanations is that the first one is said to affect the ledger and balance sheet of company accounts. The second one affects income and net income of any business entity.
The depreciation expense
While our teachers are helping you with Depreciation Assignment Help, they teach that there is a separate depreciation expense too. This expense runs under four, very important categories- the cost of the form of asset used in the business, the salvage value that is estimated is known as value required in residual matters, useful asset life that is estimated and last but not the least a theory used to portion the cost into such asset life.
All these have a detailed theory that is further required to quote in the financial statements of accountancy. There is nothing to get confused with such terms. Accountancy teachers are like your friend, philosopher and guide to help you with your project.
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