How to calculate depreciation on fixed assets in tally?

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Solution

The calculation of fixed asset depreciation in tally is:

Determine the historical cost.

Subtracting the residual value.

Arriving at the depreciation amount.

Estimating the life of the asset.

Depreciation formula:

Depreciation = Depreciation amount/ Useful life of an asset.

Also see:

What Are Current Assets?

Fixed Assets Vs Current Assets

What Is Depreciation?

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