{"id":1349,"date":"2023-06-12T05:42:09","date_gmt":"2023-06-12T05:42:09","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=1349"},"modified":"2024-09-25T10:38:14","modified_gmt":"2024-09-25T10:38:14","slug":"is-depreciation-a-current-liabilities","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/","title":{"rendered":"Is depreciation a current liabilities?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"90\" height=\"43\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 90px) 100vw, 90px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6977\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities-300x213.jpg\" alt=\"Is depreciation a current liabilities\" width=\"201\" height=\"143\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities-300x213.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg 626w\" sizes=\"auto, (max-width: 201px) 100vw, 201px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#Is_depreciation_a_current_liabilities\" >Is depreciation a current liabilities<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#Here_are_the_key_points_to_understand_about_depreciation_and_its_classification_in_financial_statements\" >Here are the key points to understand about depreciation and its classification in financial statements:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#1_Nature_of_Depreciation\" >1. Nature of Depreciation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#2_Balance_Sheet_Classification\" >2. Balance Sheet Classification:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#3_Current_Liabilities\" >3. Current Liabilities:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#3_Financial_Statement_Impact\" >3. Financial Statement Impact:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#1What_is_depreciation\" >1.What is depreciation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#2_Is_depreciation_consider_a_current_liability\" >2. Is depreciation consider a current liability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#3_What_type_of_account_is_depreciation\" >3. What type of account is depreciation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#4_Where_is_depreciation_shown_in_the_financial_statements\" >4. Where is depreciation shown in the financial statements?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#5_How_does_depreciation_affect_liabilities\" >5. How does depreciation affect liabilities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#6_Is_accumulate_depreciation_a_liability\" >6. Is accumulate depreciation a liability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#7_Does_depreciation_create_a_cash_outflow\" >7. Does depreciation create a cash outflow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#8_Why_is_depreciation_not_consider_a_liability\" >8. Why is depreciation not consider a liability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#9_How_does_depreciation_affect_profitability\" >9. How does depreciation affect profitability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#10_Does_depreciation_impact_the_balance_sheet\" >10. Does depreciation impact the balance sheet?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Is_depreciation_a_current_liabilities\"><\/span>Is depreciation a current liabilities<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>No, Depreciation is a technique in accounting that spreads the cost of a tangible asset across its useful lifespan. It represents the wear and tear, usage, or obsolescence of the asset over time.<\/p>\n<p><strong>For more information to visit:\u00a0 <a href=\"https:\/\/www.incometax.gov.in\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Here_are_the_key_points_to_understand_about_depreciation_and_its_classification_in_financial_statements\"><\/span>Here are the key points to understand about depreciation and its classification in financial statements:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"1_Nature_of_Depreciation\"><\/span><strong>1. Nature of Depreciation<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Expense<\/strong>: Depreciation is a cost accounted for on the income statement. It reduces the book value of fixed assets over time and reflects the expense associated with using these assets to generate revenue.<\/li>\n<li><strong>Non-Cash Expense<\/strong>: Depreciation does not involve any cash outflow. It is an accounting procedure that allocates the cost of an asset throughout its useful lifespan.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Balance_Sheet_Classification\"><\/span><strong>2. Balance Sheet Classification<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Accumulated Depreciation<\/strong>: While depreciation itself is an expense on the income statement, the cumulative amount of depreciation charged on assets is recorded as accumulated depreciation on the balance sheet. Accumulated depreciation is a contra asset account, meaning it offsets the gross value of the related fixed asset on the balance sheet.<\/li>\n<li><strong>Fixed Assets<\/strong>: The net book value of fixed assets on the balance sheet is their historical cost minus accumulated depreciation.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Current_Liabilities\"><\/span><strong>3. Current Liabilities<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Definition<\/strong>: Current liabilities are obligations that a company expects to settle within one year, such as accounts payable, short-term loans, and accrued expenses.<\/li>\n<li><strong>Depreciation vs. Liabilities<\/strong>: Depreciation does not represent an obligation to pay cash or settle a debt. Therefore, it does not fit the definition of a current liability or any type of liability.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Financial_Statement_Impact\"><\/span><strong>3. Financial Statement Impact<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Income Statement<\/strong>: Depreciation expense reduces the reported net income of a company.<\/li>\n<li><strong>Balance Sheet<\/strong>: Accumulated depreciation reduces the carrying value of fixed assets but does not appear as a liability.<\/li>\n<\/ul>\n<p>To summarize, depreciation is an expense that reduces the value of fixed assets over time and appears on the income statement, while accumulated depreciation appears on the balance sheet as a contra asset account. It is not a current liability because it does not represent a financial obligation that the company needs to settle within the short term.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1What_is_depreciation\"><\/span><strong>1.What is depreciation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation is the reduction in the value of an asset over time due to wear and tear, age, or obsolescence.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Is_depreciation_consider_a_current_liability\"><\/span><strong>2. Is depreciation consider a current liability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> No, depreciation is not a current liability. It is an expense, not a liability.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_What_type_of_account_is_depreciation\"><\/span><strong>3. What type of account is depreciation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation is a non-cash expense record in the income statement.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_Where_is_depreciation_shown_in_the_financial_statements\"><\/span><strong>4. Where is depreciation shown in the financial statements?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation is shown in the income statement as an expense and in the balance sheet as accumulated depreciation under assets.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"5_How_does_depreciation_affect_liabilities\"><\/span><strong>5. How does depreciation affect liabilities?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation does not directly affect liabilities; it only reduces the book value of assets.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"6_Is_accumulate_depreciation_a_liability\"><\/span><strong>6. Is accumulate depreciation a liability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> No, accumulated depreciation is a contra-asset account, which reduces the value of the asset, not a liability.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"7_Does_depreciation_create_a_cash_outflow\"><\/span><strong>7. Does depreciation create a cash outflow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> No, depreciation is a non-cash expense and does not involve any cash outflow.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"8_Why_is_depreciation_not_consider_a_liability\"><\/span><strong>8. Why is depreciation not consider a liability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation represents the usage of an asset, not an obligation to pay someone, which is what a liability represents.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"9_How_does_depreciation_affect_profitability\"><\/span><strong>9. How does depreciation affect profitability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Answer:<\/strong> Depreciation reduces net income by being record as an expense, thus lowering profitability.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"10_Does_depreciation_impact_the_balance_sheet\"><\/span><strong>10. Does depreciation impact the balance sheet?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer:<\/strong> Yes, it reduces the value of fixed assets on the balance sheet through accumulated depreciation.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.freshbooks.com\/wp-content\/uploads\/2022\/03\/what-can-be-depreciated.jpg\" alt=\"Is depreciation a current liabilities\" width=\"203\" height=\"135\" \/><\/p>\n<p><strong>For further details access our website: <a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is depreciation a current liabilities No, Depreciation is a technique in accounting that spreads the cost of a tangible asset across its useful lifespan. It represents the wear and tear, usage, or obsolescence of the asset over time. For more information to visit:\u00a0 https:\/\/www.incometax.gov.in Here are the key points to understand about depreciation and its\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":6977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1459,7],"tags":[774,1569,20237,32471,38043,25411,3059,21560,5133,32463,1550,5129,30896,2242,1480,20656,33774,30255,33587,2088,33316,32585,33274,1208,32575,33282,29808,33296,973,1682,33779,2185,1061,2143,44364,3226,1085,33768,1488,5131,1751,24290,5123,2058,2025,5124,2070,1855,987,1848,33294,33275,33285,33303,21011,33292,44365,33284,33287,2218,32562,19427,1310,2057,1099,2246,811,5126,2095,20572,1132,779,3210,5885,44363,1567,639,28932,7239,8371,3223,2582,976,3071,38059,2027,1070,8372,369,2085,21008,29830,5708,20231,40462,5120,20956,42599,1548,6850],"class_list":["post-1349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finance","category-bookkeeping-and-accounting","tag-accountingbasics","tag-accountingeducation","tag-accountingethics","tag-accountingguidelines","tag-accountinglogic","tag-accountingmethods","tag-accountingprinciples","tag-accountingprocedures","tag-accountingprocesses","tag-accountingrules","tag-accountingstandards","tag-accountingsystems","tag-accountingterms","tag-accrualaccounting","tag-amortization","tag-assetallocation","tag-assetamortization","tag-assetappreciation","tag-assetbookvalue","tag-assetdepreciation","tag-assetefficiency","tag-assetimpairment","tag-assetlifecycle","tag-assetmanagement","tag-assetmonitoring","tag-assettracking","tag-assetutilization","tag-assetutilizationratio","tag-assetvaluation","tag-assetvalue","tag-assetvaluemanagement","tag-auditstandards","tag-balancesheet","tag-bookvalue","tag-budgetingandfinance","tag-businessassets","tag-businessfinance","tag-capitaldepreciation","tag-capitalexpenditure","tag-cashflowanalysis","tag-cashflowmanagement","tag-corporateassets","tag-corporatefinance","tag-costaccounting","tag-costallocation","tag-costmanagement","tag-currentassets","tag-currentliabilities","tag-depreciation","tag-depreciationaccounting","tag-depreciationadjustment","tag-depreciationcalculation","tag-depreciationexpense","tag-depreciationmanagement","tag-depreciationmethods","tag-depreciationpolicy","tag-depreciationpractices","tag-depreciationrate","tag-depreciationschedule","tag-expensemanagement","tag-fasb","tag-financeprofessionals","tag-financialaccountability","tag-financialaccounting","tag-financialanalysis","tag-financialaudit","tag-financialcompliance","tag-financialcontrols","tag-financialdecisions","tag-financialdiscipline","tag-financialhealth","tag-financialinsights","tag-financialintegrity","tag-financialknowledge","tag-financialleverage","tag-financialliteracy","tag-financialmanagement","tag-financialmetrics","tag-financialoversight","tag-financialpractices","tag-financialratios","tag-financialregulations","tag-financialreporting","tag-financialresponsibility","tag-financialrules","tag-financialstability","tag-financialstatements","tag-financialstewardship","tag-financialstrategy","tag-fixedassets","tag-gaap","tag-ifrs","tag-investmentdecisions","tag-liabilities","tag-liabilityanalysis","tag-liabilitymanagement","tag-liabilitytracking","tag-liabilityvalue","tag-noncashexpense","tag-strategicfinance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is depreciation a current liabilities \/ Article \/ VibrantFinserv -<\/title>\n<meta name=\"description\" content=\"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company&#039;s assets to..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is depreciation a current liabilities \/ Article \/ VibrantFinserv -\" \/>\n<meta property=\"og:description\" content=\"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company&#039;s assets to..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T05:42:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-25T10:38:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"626\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"Is depreciation a current liabilities?\",\"datePublished\":\"2023-06-12T05:42:09+00:00\",\"dateModified\":\"2024-09-25T10:38:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\"},\"wordCount\":585,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg\",\"keywords\":[\"#AccountingBasics\",\"#AccountingEducation\",\"#AccountingEthics\",\"#AccountingGuidelines\",\"#AccountingLogic\",\"#AccountingMethods\",\"#AccountingPrinciples\",\"#AccountingProcedures\",\"#AccountingProcesses\",\"#AccountingRules\",\"#AccountingStandards\",\"#AccountingSystems\",\"#AccountingTerms\",\"#AccrualAccounting\",\"#Amortization\",\"#AssetAllocation\",\"#AssetAmortization\",\"#AssetAppreciation\",\"#AssetBookValue\",\"#AssetDepreciation\",\"#AssetEfficiency\",\"#AssetImpairment\",\"#AssetLifecycle\",\"#AssetManagement\",\"#AssetMonitoring\",\"#AssetTracking\",\"#AssetUtilization\",\"#AssetUtilizationRatio\",\"#AssetValuation\",\"#AssetValue\",\"#AssetValueManagement\",\"#AuditStandards\",\"#BalanceSheet\",\"#BookValue\",\"#BudgetingAndFinance\",\"#BusinessAssets\",\"#BusinessFinance\",\"#CapitalDepreciation\",\"#CapitalExpenditure\",\"#CashFlowAnalysis\",\"#CashFlowManagement\",\"#CorporateAssets\",\"#CorporateFinance\",\"#CostAccounting\",\"#CostAllocation\",\"#CostManagement\",\"#CurrentAssets\",\"#CurrentLiabilities\",\"#Depreciation\",\"#DepreciationAccounting\",\"#DepreciationAdjustment\",\"#DepreciationCalculation\",\"#DepreciationExpense\",\"#DepreciationManagement\",\"#DepreciationMethods\",\"#DepreciationPolicy\",\"#DepreciationPractices\",\"#DepreciationRate\",\"#DepreciationSchedule\",\"#ExpenseManagement\",\"#FASB\",\"#FinanceProfessionals\",\"#FinancialAccountability\",\"#FinancialAccounting\",\"#FinancialAnalysis\",\"#FinancialAudit\",\"#FinancialCompliance:\",\"#FinancialControls\",\"#FinancialDecisions\",\"#FinancialDiscipline\",\"#FinancialHealth\",\"#FinancialInsights\",\"#FinancialIntegrity\",\"#FinancialKnowledge\",\"#FinancialLeverage\",\"#FinancialLiteracy\",\"#FinancialManagement\",\"#FinancialMetrics\",\"#FinancialOversight\",\"#FinancialPractices\",\"#FinancialRatios\",\"#FinancialRegulations\",\"#FinancialReporting\",\"#FinancialResponsibility\",\"#FinancialRules\",\"#FinancialStability\",\"#FinancialStatements\",\"#FinancialStewardship\",\"#FinancialStrategy\",\"#FixedAssets\",\"#GAAP\",\"#IFRS\",\"#InvestmentDecisions\",\"#Liabilities\",\"#LiabilityAnalysis\",\"#LiabilityManagement\",\"#LiabilityTracking\",\"#LiabilityValue\",\"#NonCashExpense\",\"#StrategicFinance\"],\"articleSection\":[\"Accounting &amp; Finance\",\"Bookkeeping and Accounting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\",\"name\":\"Is depreciation a current liabilities \/ Article \/ VibrantFinserv -\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg\",\"datePublished\":\"2023-06-12T05:42:09+00:00\",\"dateModified\":\"2024-09-25T10:38:14+00:00\",\"description\":\"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company's assets to..\",\"breadcrumb\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg\",\"width\":626,\"height\":445,\"caption\":\"Depreciation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/vibrantfinserv.com\/kb\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is depreciation a current liabilities?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"description\":\"Your success, our passion !!\",\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"width\":200,\"height\":95,\"caption\":\"Knowledge Base | Vibrant Finserv\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\",\"name\":\"kbadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"caption\":\"kbadmin\"},\"sameAs\":[\"https:\/\/vibrantfinserv.com\/kb\"],\"url\":\"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is depreciation a current liabilities \/ Article \/ VibrantFinserv -","description":"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company's assets to..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/","og_locale":"en_US","og_type":"article","og_title":"Is depreciation a current liabilities \/ Article \/ VibrantFinserv -","og_description":"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company's assets to..","og_url":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/","og_site_name":"Knowledge Base | Vibrant Finserv","article_published_time":"2023-06-12T05:42:09+00:00","article_modified_time":"2024-09-25T10:38:14+00:00","og_image":[{"width":626,"height":445,"url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg","type":"image\/jpeg"}],"author":"kbadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"kbadmin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#article","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/"},"author":{"name":"kbadmin","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345"},"headline":"Is depreciation a current liabilities?","datePublished":"2023-06-12T05:42:09+00:00","dateModified":"2024-09-25T10:38:14+00:00","mainEntityOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/"},"wordCount":585,"commentCount":0,"publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg","keywords":["#AccountingBasics","#AccountingEducation","#AccountingEthics","#AccountingGuidelines","#AccountingLogic","#AccountingMethods","#AccountingPrinciples","#AccountingProcedures","#AccountingProcesses","#AccountingRules","#AccountingStandards","#AccountingSystems","#AccountingTerms","#AccrualAccounting","#Amortization","#AssetAllocation","#AssetAmortization","#AssetAppreciation","#AssetBookValue","#AssetDepreciation","#AssetEfficiency","#AssetImpairment","#AssetLifecycle","#AssetManagement","#AssetMonitoring","#AssetTracking","#AssetUtilization","#AssetUtilizationRatio","#AssetValuation","#AssetValue","#AssetValueManagement","#AuditStandards","#BalanceSheet","#BookValue","#BudgetingAndFinance","#BusinessAssets","#BusinessFinance","#CapitalDepreciation","#CapitalExpenditure","#CashFlowAnalysis","#CashFlowManagement","#CorporateAssets","#CorporateFinance","#CostAccounting","#CostAllocation","#CostManagement","#CurrentAssets","#CurrentLiabilities","#Depreciation","#DepreciationAccounting","#DepreciationAdjustment","#DepreciationCalculation","#DepreciationExpense","#DepreciationManagement","#DepreciationMethods","#DepreciationPolicy","#DepreciationPractices","#DepreciationRate","#DepreciationSchedule","#ExpenseManagement","#FASB","#FinanceProfessionals","#FinancialAccountability","#FinancialAccounting","#FinancialAnalysis","#FinancialAudit","#FinancialCompliance:","#FinancialControls","#FinancialDecisions","#FinancialDiscipline","#FinancialHealth","#FinancialInsights","#FinancialIntegrity","#FinancialKnowledge","#FinancialLeverage","#FinancialLiteracy","#FinancialManagement","#FinancialMetrics","#FinancialOversight","#FinancialPractices","#FinancialRatios","#FinancialRegulations","#FinancialReporting","#FinancialResponsibility","#FinancialRules","#FinancialStability","#FinancialStatements","#FinancialStewardship","#FinancialStrategy","#FixedAssets","#GAAP","#IFRS","#InvestmentDecisions","#Liabilities","#LiabilityAnalysis","#LiabilityManagement","#LiabilityTracking","#LiabilityValue","#NonCashExpense","#StrategicFinance"],"articleSection":["Accounting &amp; Finance","Bookkeeping and Accounting"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/","url":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/","name":"Is depreciation a current liabilities \/ Article \/ VibrantFinserv -","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg","datePublished":"2023-06-12T05:42:09+00:00","dateModified":"2024-09-25T10:38:14+00:00","description":"No, depreciation is not provided by current liabilities. Amortizations a non-cash expense that is charged against the company's assets to..","breadcrumb":{"@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#primaryimage","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Current-liabilities.jpg","width":626,"height":445,"caption":"Depreciation"},{"@type":"BreadcrumbList","@id":"https:\/\/vibrantfinserv.com\/kb\/is-depreciation-a-current-liabilities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/vibrantfinserv.com\/kb\/"},{"@type":"ListItem","position":2,"name":"Is depreciation a current liabilities?"}]},{"@type":"WebSite","@id":"https:\/\/vibrantfinserv.com\/kb\/#website","url":"https:\/\/vibrantfinserv.com\/kb\/","name":"Knowledge Base | Vibrant Finserv","description":"Your success, our passion !!","publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/vibrantfinserv.com\/kb\/#organization","name":"Knowledge Base | Vibrant Finserv","url":"https:\/\/vibrantfinserv.com\/kb\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","width":200,"height":95,"caption":"Knowledge Base | Vibrant Finserv"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345","name":"kbadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","caption":"kbadmin"},"sameAs":["https:\/\/vibrantfinserv.com\/kb"],"url":"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/1349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/comments?post=1349"}],"version-history":[{"count":12,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/1349\/revisions"}],"predecessor-version":[{"id":24875,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/1349\/revisions\/24875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media\/6977"}],"wp:attachment":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media?parent=1349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/categories?post=1349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/tags?post=1349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}