What is DEPRECIATION-Depreciation is a expense (non-cash)which reduces the market value of different types of assets such as building,furniture,fan,car,scooter,television etc. It means in what price we have purchasedthese assets the market value decreases with time. The market value decreases due to wear n tear,age or obsolescence.
But to calculate depreciation is very hard and very complex sometimes as we dont know what should be and how to calculate the depreciation.
Now a excel based depreciation calculator is available here in which you dont need to calculate the depreciation manually. While using it , there is cloumn of Disposal , in a first column , we have to enter amount of disposal of assets which were sold out of the assets purchased/balanced as on 30 sep.
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