SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Depreciation: Overview
Depreciation: Overview Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Depreciation: Overview Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is depreciation? |  |
Ans. Depreciation is an accounting method used to allocate the cost of an asset over its useful life. It represents the decrease in value of an asset due to wear and tear, obsolescence, or any other factor that reduces its value over time.
| 2. Why is depreciation important in accounting? | |
Ans. Depreciation is important in accounting because it helps businesses accurately reflect the cost of using assets to generate revenue over their useful lives. It allows for the proper matching of expenses with the revenue they help generate, resulting in more accurate financial statements.
| 3. How is depreciation calculated? | |
Ans. Depreciation can be calculated using various methods, such as straight-line depreciation, declining balance depreciation, or units of production depreciation. The most common method is the straight-line method, which divides the asset's cost by its useful life to determine the annual depreciation expense.
| 4. What is the impact of depreciation on taxes? | |
Ans. Depreciation can have a significant impact on taxes. It allows businesses to deduct a portion of the asset's cost as an expense each year, reducing their taxable income. This results in lower tax liability and can provide tax savings for businesses.
| 5. Can depreciation be reversed? | |
Ans. No, depreciation cannot be reversed. Once an asset's value is depreciated, it cannot be restored to its original value. However, if an asset is sold or disposed of, any remaining book value can be adjusted accordingly. The process of adjusting the book value is called "asset disposal."
About this Video
|
4.86/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: Depreciation: Overview for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Depreciation: Overview have been prepared according to the SSC CGL exam syllabus.
Information about Depreciation: Overview covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Depreciation: Overview.
Introduction of Depreciation: Overview in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Depreciation: Overview in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Depreciation: Overview Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Depreciation: Overview
Here you can find the meaning of Depreciation: Overview defined & explained in the simplest way possible.
Besides explaining types of Depreciation: Overview theory, EduRev gives you an ample number of questions to practice Depreciation: Overview tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Previous Year
,shortcuts and tricks
,MCQs
,Extra Questions
,Exam
,video lectures
,Important questions
,Online Tests
,Previous Year Questions with Solutions
,past year papers
,Online Tests
,Summary
,study material
,Semester Notes
,Depreciation: Overview Video Lecture | SSC CGL Tier 2 - Study Material
,Objective type Questions
,practice quizzes
,Sample Paper
,Depreciation: Overview Video Lecture | SSC CGL Tier 2 - Study Material
,Depreciation: Overview Video Lecture | SSC CGL Tier 2 - Study Material
,Previous Year
,Free
,Online Tests
,mock tests for examination
,ppt
,Viva Questions
,Previous Year
;
Study Depreciation: Overview on the App
Students of SSC CGL can study Depreciation: Overview alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Depreciation: Overview,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Depreciation: Overview is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup