Depreciation, Provision and Reserves | Asset Valuation | Auditing

Closely connected with the question of valuation of assets is that of depreciation which vitally influences the ascertainment of correct value for each asset. With regard to this we will discuss about depreciation, provision and reserves. Depreciation: Meaning and Nature of Depreciation: Depreciation may be defined as the gradual reduction in the value of an asset due to wear and [...]