What is depreciation and why do we prepare balance

AnswerBot
1y

Depreciation is the decrease in value of an asset over time. We prepare balance sheet to show the financial position of a company.

  • Depreciation is a non-cash expense that reduces the value of an asset ...read more

Anonymous
6mo
Depreciation is an accounting entry that represents the reduction of an asset's cost over its useful life.
Help your peers!
Add answer anonymously...
Genpact Process Associate Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter