Characteristics of depreciation, basic factors for determining depreciation
Depreciation characteristics Depreciation has the following characteristics: (1) Depreciation is charged only for fixed assets, for example buildings, plant and machinery, furniture, etc. There is no question of depreciation in the case of current assets, such as shares, debtors, invoices receivable, etc. (2) Depreciation causes a perpetual, gradual and continuous fall in the value of the asset. (3) Depreciation occurs […]
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