Paper Title
Depreciation Accounting: A Comparative Study of India and Canada

Abstract
Accounting is the heart of every business affairs because it provides the information about assets, liabilities, expenditure and income of the business which not only help to run the business but also provide inputs for analysis for decision making. A major portion of capital is invested in tangible and intangible assets and therefore accounting for these assets becomes very important. Though there are international accounting standards for the same yet it can be found that there are differences in accounting at global level. Depreciation accounting is affected by the accounting for relevant assets as well as methods and rates adopted for depreciation. Difference in depreciation methods or accounting for tangible and intangible assets creates differences in profits and financial position of the concerned entity. This research paper is an effort to analyse the depreciation accounting system in various countries and conclude accordingly. Keywords - Tangible, Intangible, Depreciation, Amortisation, Economic Useful Life