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Discover Latest #Depreciation News, Articles and Videos with Contenting
Depreciation is an accounting term which is used to spread the cost of an asset over its useful life. It is a method of allocating the cost of an asset over a period of time. It is used to match the cost of the asset to the revenue it generates. Depreciation is a non-cash expense and is used to reduce the value of an asset on the balance sheet. It is important to understand how depreciation works and how it affects the financial statements of businesses. Read the latest news and articles on depreciation below.
Balu Forge profit after tax jumps 2-fold to Rs 48.1 crore in September quarter | Zee Business
The company's EBITDA (earnings before interest, taxes, depreciation and amortization) during the second quarter surged 116.5 per cent to Rs 65.22 crore from Rs 30.12 crore in the corresponding quarter of FY24, backed by increase in scale of operations and higher demand for heavier products, which tend to yield better margins, it said. Get more Companies News and Business News on Zee Business.
AboitizPower 9-month income up 2% amid higher energy sales - BusinessWorld Online
ABOITIZ POWER Corp.’s (AboitizPower) net income rose by 2% to P26.7 billion in the nine months to September, spurred by its power generation and distribution units. This was despite the recognition of depreciation and interest for GNPower Dinginin Ltd. Co.’s Units 1 and 2, it said in a stock exchange filing on Thursday. Excluding foreign […]