Depreciation Calculation

[Shrikant Karnik]

Hi

 

I am aware you all busy in studies. Sending one excel file containing , how the system calculates the deprecition with Straight Line Method and with Flat Rate Method.

Try to create your own depreciation values with using both the methods. Hope you all will understand this formula for calculating the depreciation.

 

Accounting Entry for Depreciation is :

 

Depreciation Account ( P & L Account )               Debit

Accumulated Depreciation ( Balance Sheet A/c )             Credit
( Depreciation Reserve )
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Shrikant Karnik

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