Page 1 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Page 2 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Page 3 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Page 4 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Internal Depreciation Natural Wear & T ear External Depreciation Exhaustion of the subject matter Effluxion of time Accident Obsolescence Page 5 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Internal Depreciation Natural Wear & T ear External Depreciation Exhaustion of the subject matter Effluxion of time Accident Obsolescence Depletion Fall in Market Price Accidents Obsolescence Efflux of time Wear & Tear due to Actual UseRead More