Class 11 Accountancy - Chapter Depreciation, Provisions and Reserves NCERT Solutions | Explain basic factors affecting the amou

Welcome to the NCERT Solutions for Class 11th Accountancy - Chapter Depreciation, Provisions and Reserves. This page offers a step-by-step solution to the specific question from Exercise 1, Question 4: explain basic factors affecting the amount of depr....
Question 4

Explain basic factors affecting the amount of depreciation.

Answer

The factors affecting the amount of depreciation:

1) Total Cost of asset
2) Estimated useful life of asset
3) Estimated Scrap Value

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