Provision for depreciation, Accounting Basics

Why is a provision for depreciation made in the financial statements?

A to charge the cost of non-current assets against profits

B to make a provision for repairs

C to make cash available to replace non-current assets when necessary

D to show the current market values of non-current assetsĀ 

Posted Date: 2/12/2013 7:37:18 AM | Location : United States







Related Discussions:- Provision for depreciation, Assignment Help, Ask Question on Provision for depreciation, Get Answer, Expert's Help, Provision for depreciation Discussions

Write discussion on Provision for depreciation
Your posts are moderated
Related Questions
1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method

Social Responsibility Accounting: Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has be

I am expecting 50 growth because of the market size and consumers patronage, also because of latest product and service been introduced, also due to the competent working force wit

Q. Explain about Long-term assets? Long-term assets are assets that a business has on hand or else uses for a relatively long time. Examples include plant, property and equipme

i want to do accounts assignment

what is the BRS

Genentech, Inc. is a California-based biotech pioneer recently acquired by Swiss pharmaceutical giant Roche Holding AG. Roche paid $46.8 billion in cash for the 44 percent of Gen

what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00


Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on Decemb