Explain endowment policy method of calculating depreciation?
Submitted by: AdministratorThis method is similar to Sinking Fund method except in this method instead of investing in securities the amount set aside is used to pay premium on an Endowment Policy. And the policy should mature on the date on which the ceases its useful life. This collected money is then used to replace the expired asset.
Submitted by: Administrator
Submitted by: Administrator
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