GuestDepreciation
Source: CA Foundation, Accounting (summary)
Depreciation spreads the cost of a fixed asset over its useful life. Under the straight line method the charge is the same every year, while under the written down value method it is a fixed percentage of the reducing balance.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.