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What are the effects of depreciation on ...

What are the effects of depreciation on profit and loss account and balance sheet?

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Depreciation is charged as expenditure within the Profit and Loss account and therefore the depreciation figure is subtracted from the worth of involved assets on the assets facet of the record.

In that case, on one hand, it reduces the profit of the concern; on the opposite hand, it reduces the assets facet within the record. Here, it's price mentioning that Depreciation could be a non-cash expenditure.
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