Explain what are Depreciable Assets

October 16th, 2010 Comments off
Share |

Depreciable assets are assets which:

  • are expected to be used during more than one accounting period
  • have a limited useful life and
  • are held by an enterprise for use in the production or supply of goods & service, for rental to others or for administrative purposes.

Therefore these assets are normally non-current assets like fixed assets ( furniture & fittings,plant & machinery, building

Comments are closed now.

Financial Accounting


Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|