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Aradhana Gupta started the topic Doubt in Consolidation of Financial Statements in the forum CA
Hi everyone, I’m currently studying for my Chartered Accountant course in India and I’m having a doubt regarding the consolidation of financial statements. Can someone please help me understand the process and its importance? Thank you.
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Aradhana Gupta replied to the topic Doubt in Financial Accounting in the forum Commerce
Depreciation is the systematic allocation of the cost of a fixed asset over its useful life. It recognizes that assets gradually lose value as they are used and become outdated. This process helps in determining the accurate value of the asset over time.
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