Struggling with Calculating Depreciation

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  • #6439
    Saumya Sharma
    Participant

    Hi everyone, I’m a student in the commerce stream and I’m having trouble understanding how to calculate depreciation for fixed assets. Can someone please explain the concept and provide some examples? I would really appreciate your help.

    #6440
    Diksha Patel
    Participant

    Depreciation is the systematic allocation of the cost of a fixed asset over its useful life. It’s calculated using different methods like straight-line, reducing balance, and sum of years’ digits. Do you want me to explain each method in detail?

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