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Please state the disclosure requirements of Depre…

Please state the disclosure requirements of Depreciation accounting as per AS-6.

Please state the disclosure requirements of Depreciation accounting as per AS-6.


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Chiranjibi Chapagain Mar. 14, 2018

AS 6 “Depreciation Accounting” requires following information to be disclosed in the financial statements-

  • Historical cost or other amount substituted for historical cost of each class of depreciating asset;
  • Total depreciation for the period for each class of assets.
  • The related accumulated depreciation.


It also requires following disclosure of information in the financial statements along with the disclosure of other accounting polices:

  • Depreciation method used, and
  • Depreciation rates or the useful life of the assets, if any, if they are different from the principal rates specified in the statute governing the enterprise.