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Hi Friends,
Can anyone suggest me that what would be the real time scenarios for the Depreciation of assets
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What do you mean by real time scenario?
I think you meant to say "real life" scenarios?
According to commonly accepted accounting rules an asset owned by a company loses some of its value each year, and a company can recognize that loss of value as an expense, to offset some of its revenue (and thus reduce the amount of tax it needs to pay)
There are many different rules of how much of the value of a a particular asset is lost every year.
The action of calculation of calculating the reduction of cost, and recording it in the financial books of the company as an expense is called depreciation,
You can check this link
technet.microsoft.com/.../aa551495.aspx
Have you received an answer to your question? If you did, please mark the issue as close, to make the answer available to everyone.
thanks
No i have not received any answers to this.
Hi subashini,
Can you please elaborate on what you mean by real time (or real life) depreciation scenarios? Your question is very general and allows multiple interpretations if you don't provide more information on what you are looking for exactly.
Best regards
Ludwig
In respect of everyone who spends time in answering you could you make an effort to provide clearer information, and could you start marking resolved issues as such?
Hi,
Whatever i asked is correct only.you can ignore this.
Thanks in advance
I will take your advice, thank you.
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