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Depreciation And Sale Of Asset
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Depreciation is the decline in the future economic benefits of a depreciable non-current asset through wear and tear and obsolescence. It is an allocation process. It can be calculated by two main methods, each reflecting in a distinct prospect in the way the asset is used. Depreciation is to be treated as an estimated expense that does not set ....
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....comparative basis and the final, commercial obsolescence which is the process of certain non-current assets becoming redundant as the demands fall for the goods or service previously provided by the asset
Depreciation allocates the assets cost or depreciable amount over the estimated useful life of the asset to the entity. It is not a process of a.... |
| Word count: 962 |
Page count: 4 |
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