Written Down Value method of Depreciation Class 11 | WDV Method | Depreciation Accounts

Описание: Understand the Written Down Value method of Depreciation for Class 11 accounts.
Under the Written Down Value method, depreciation is charged on the book value (cost –depreciation) of the asset every year. Under the WDV method, book value keeps on reducing so, annual depreciation also keeps on decreasing. This method is also known as 'Diminishing Balance Method' or 'Reducing Instalment Method'.
This method consists of applying a predetermined percentage of the amount of the asset on the balance sheet at the beginning of the accounting period. It also involves applying the amount of depreciation reduced in the following years.
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CA Manish Mahajan is a first class commerce graduate from Panjab University, having done his graduation in B.Com (Finance Hons.) from GGDSD College, Chandigarh. He qualified Chartered Accountancy course in 2010 and was placed in merit list (31st All India Rank in Final and 22nd All India Rank in Foundation). He possesses a vast experience of more than 15 Years in teaching Accountancy, Economics and Mathematics to the students of Classes +1 and+2 and also mentored the students of B.Com and CA. He has authored the books on Accountancy, Economics and Indirect Tax Laws. His unique lecture delivery and practical method of teaching, helps the student to easily grasp and remember the subject.
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