Depreciation – During
(Bl4_i7)
File: FIXED ASSETS (BLOCK4)
Overview
Type:
Continuous
Format: numeric
Width: 10
Decimals: 0
Range:
0-9343927388
| Valid cases: 354956
Invalid: 0
Minimum: 0
Maximum: 9343927388
Mean: 1412551.4
Standard deviation: 42266752.2
|
Definition
DEPRECIATION is consumption of fixed capital due to wear and tear and obsolescence during the accounting year and is taken as provided by the factory owner or is estimated on the basis of cost of installation and working life of the fixed assets.
Questions and instructions
Literal question
Depreciation – During the year
Interviewer instructions
depreciation: The following may be noted:
Depreciation up to the beginning of the year and that provided during the year should be shown respectively.Depreciation relating to assets sold/discarded /otherwise disposed off during the year
should be shown.
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