What are the Features of depreciation?
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Features of Depreciation
- It is declined in the book value of fixed assets.
- It includes loss of value due to efflux ion of time, usage or obsolescence.
- It is continuing process.
- It is an expired cost and hence must be deducted before calculating taxable profits.
- It is non-cash expense.
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