Certified Company
ISO 9001 Standard
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Leading Industry
In Surat
July 8, 2020
What is the accounting journal entry for depreciation?
In 2023, the van will be used for 3 months only (January to March) since it has a useful life of 5 years (i.e. from April 1, 2018 to March 31, 2023). Functional or economic depreciation happens when an asset becomes inadequate for its purpose or becomes obsolete. In this case, the asset decreases in
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