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Please state the disclosure requirements of Dep...

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.

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


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