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
To show the accurate financial position of the organisation
To make provision for replacement of assets
To determine the correct tax liability
To provide guidance to the management for important financial matters
To keep the capital intact
To provide depreciation is a statutory need – statutory obligation.