Financial statements of companies - problem no. 5 - ICAI material

Accountancy

Why does the provision of depreciation gets deducted against the assets- building and machinery??

Sainisha Ramesh

CA Inter

★ 200

22-Apr-21 16:43

538

Answers (2)

Because it's accumulated depreciation. Building and machinery are given at cost

Sahibdeep Singh

CA Inter

★ 14K+

23-Apr-21 10:44

Thank you so much sir for clearing my doubt.

Thread Starter

Sainisha Ramesh

CA Inter

★ 200

23-Apr-21 10:54