Explain what are Depreciable Assets

October 16th, 2010 Comments off
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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

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Financial Accounting

 
 

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