Depreciation (मूल्यह्रास ) represents that part of the cost of a liked asset to its owner which is not recoverable when the asset is finally out of capital by him. provision against thus loss of capital is an integral cost of conducting the business during the effective commercial life of the asset and is not dependent on the amount of profit earned. Income tax laws में डेप्रिसिएशन (मूल्यह्रास ) के नियम और rate दिए गए है Depreciation (मूल्यह्रास ) represents that part of the cost of a liked asset to its owner which is not recoverable when the asset is finally out of capital by him. provision against thus loss of capital is an integral cost of conducting the business during the effective commercial life of the asset and is not dependent on the amount of profit earned
वैसे परिसंपति की गणना की जाती है जिसका समय के साथ डेप्रिसिएशन ( मूल्यह्रास ) होता है जैसे की machine, computer, car, building जिसकी पूरी detailed statement और rate of डेप्रिसिएशन (मूल्यह्रास ) में हुए किसी भी change की जानकारी income tax department के जरिये समय समय पर दी जाती है
For example :- Computer hardware पर rate 33.33%, software पर 100%, machine, car, building etc.पर 10% depreciation हर साल income tax department के जरिये दी जाती है इसे समय समय पर cross check किया जाता है और tax में छुट भी प्राप्त किया जाता है fixed asset पर डेप्रिसिएशन ( मूल्यह्रास ) rate काटा जाता है यह किसी business के लिए एक तरह की हानि है
Account में डेप्रिसिएशन ( मूल्यह्रास ) show करने का तरीका :-
Depreciation A/c DR.
To Asset A/c
In fact, depreciation is the method of calculation the cost of an asset over its lifespan.
calculating the depreciation of a fixed asset is simple once you know the formula
method 1:- using straight line method depreciation:-
first of all , enter the asset’s purchase price, for example, if you bought a machine for Rupees 1000 then that’s the amount that you’ll use as the purchase price
NOW , subtract the salvage value from the purchase price to find the depreciable cost.
Note:- The “scrap” or “salvage” value of the item represent how much it will be worth once it’s reduce its working period .
If you bought the machine for Rupees 1000 and you determine that it would be only Rupees 200 worth at the end of its lifespan, the depreciable cost is
Rupees 1000 – Rupees 200 = Rupees 800
(purchase price) = 1000 Rupees
(salvage value) = 200 Rupees
(Depreciation cost) = 800 Rupees
Now, divide the depreciable cost by the asset’s lifespan to get the depreciation. you will need to know how many years you can expect to get any use out of your new asset and then divide the depreciable cost by the number.
Example:- if the depreciable value of the asset is Rupees 800 and you expect it to be last 5 years, the depreciation is Rupees 800/5 = Rupees 160.
depreciable cost = Rupees 800
asset’s lifespan =5 year
= Rupees 160 (depreciation /year)
That’s the amount of depreciation for the asset that you will enter in the your accounting books every year.
Note:- The cost of asset includes when calculating depreciation
=Basic value + duties + taxes + freight + installation charges etc.
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