#1 Accounting for depreciation | introduction and basic concepts | class 12 | Taimoor khalid |

Описание: in this video lecture i explained the basic terms related to depreciation and what is depreciation , what is actually depreciation and how to calculate the depreciation expense a for the year.
basics concepts being used in depreciation are the calculation of cost price of an asset and further expenses incurred to make the asset ready for use treatment are discribe in this video.
on the other hand what is depreciable amount ,how to calculate depreciable amount is also part of this lecture.
what is scrape value or residual value concept in depreciation is also explained.
in this video lecture different kinds of assets are also discussed.
what are wasting assets with examples , what are tangible assets with examples , what are intangible assets are also explained with examples are discribe in this video lecture.

what is depreciation , what is amortisation and what is depletion are also discussed.

depreciation is for tangible assets
depletion is for wasting assets
amortisation is for intangible asset

accounting concepts are discribed in this playlist :
   • Meaning of accounting conventions | urdu /...  

#principlesofaccounting
#Depreciation
#taimoorkhalid
#accounts