Provision for Depreciation A/C
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In this video, you will learn provision for depreciation basic. Provision for depreciation is made for showing historical and original value of assets in the balance sheet. We keep whole depreciation in one account and this account is called provision for depreciation account. When any asset is sold, we deduct its total collected depreciation for calculation of net profit or loss from selling of asset. You can read its text at here.
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