USA: +1-585-535-1023

UK: +44-208-133-5697

AUS: +61-280-07-5697

Objectives OR Need for Providing Depreciation

(i)  To ascertain correct profits of the organisation
(ii)
To show the accurate financial position of the organisation
(iii)
To make provision for replacement of assets
(iv)
To determine the correct tax liability
(v) 
To provide guidance to the management for important financial matters
(vi)
To keep the capital intact
(vii)
To provide depreciation is a statutory need – statutory obligation.