Depreciation
2)Depreciation
The objectives of computing depreciation are to
(i) reflect reduction in the book value of the asset due to obsolescence or wear and tear
(ii) calculating the deprecation every year depending company’s policies (balance sheet and net worth)
(iii)Depreciation expenses generally begins when the asset is placed in service (with table to monitor)
1
vote
Anonymous
shared this idea
-
We're now supporting straight line depreciation with depreciation rate configurable by group