Why depreciation is deducted from the acquisition value ?

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Question ajoutée par Nadjib RABAHI , Freelancer , My own account
Date de publication: 2015/11/08

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par Qazi Abdul Aziz Aziz , Accountant , Anoosh al munif holding co. ltd.

When a depreciable asset is sold, the business recognises gain or loss based on net basis of the asset. This net basis is cost less depreciation.

What is the amount of the depreciation expense that be recorded for the year ended year four ?
Top Answer: 2. 0..............................................................................................zero ... Voir Plus

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Acquisition accounting and merger accounting are covered by the statement of accounting practice (ssap) no 23. true or false?
Top Answer: أسف لعدم الاختصاص فى هذا المجال ويسعدنى متابعه الاجابات للحصول على المعلومه ... Voir Plus

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the book value of an asset is defined as?
Top Answer: B Voir Plus

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Depreciation expense is added to net income under indirect method of preparing a statement of cash flows in order to?
Top Answer: Yes Depreciation is added to Net Income in the Cash Flow Statements. All non-cash items are adde ... Voir Plus

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