how many years deduct the depreciation amount
Answers were Sorted based on User's Feedback
Answer / roshan
the company estimate the life span of the machine according
to that company deducted the value on assests
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / sivaprasad
we deduct the depreciation from the machinery value till
the machinery book value is zero/null.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / xyz
It depends on the method of depreciation adapted by by the
institution
| Is This Answer Correct ? | 2 Yes | 2 No |
what do you c- form means
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account
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