chapter 10

Depreciation on PPE and Other Tangible Fixed Assets

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Value of fixed assets keeps on reducing over their useful lives due to their use. This reduction, known as depreciation, is charged to profit and loss account. Depreciation has a significant bearing on the measurement of financial performance and position.

CHAPTER OBJECTIVES

This chapter seeks to enable you to develop knowledge and understanding of:

  1. Meaning and significance of depreciation.
  2. Scope and coverage of Ind AS-16 on ‘Property, Plant and Equipment’ as regards depreciation accounting.
  3. Principles and norms of standard accounting treatment of depreciation, methods of ...

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