Describe in detail two methods of recording depreciation. Also give the necessary journal entries.

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Accountancy Financial Accounting Part 1 Textbook For Class 11

ISBN: 9788174505071

1st Edition

Authors: NCERT

Question Posted: Aug 21, 2023 04:19 AM

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Describe in detail two methods of recording depreciation. Also give the necessary journal entries.

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1 StraightLine Method Explanation The straightline method evenly spreads the cost of an assets depreciation over its useful life The formula for calcu...View the full answer

Accountancy Financial Accounting Part 1 Textbook For Class 11

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