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what is depreciation? what are depreciation methods?
please explain those method? can any one reply urgently?
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Answer / m.a.sajid khan
depreication means redusing the value of asset to now the
future vaule of asset.dereciation will calculate only fixed
assets. depreication can calculate on different methods
some are given below.
1.stright line method
2.reducing method
3.annuti Method
4.funds Method
5.insurance Method
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / vinitha.t
Depreciating/reducing the value of the fixed assets to know
the current value of the assets. All assets are depreciated
except land&building because its value goes on increasing.
Types of depreciation
written down value method-It is depreciated by taking book
value of the assets with a percentage of a depreciation.
straight line method-It is depreciated by taking the
purchase value of the assets.
annuity method
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dhanesh chandramagalam
DEPRECIATION MEANS REDUCING THE VALUE OF AN ASSETS DUE TO
CONTINUOUS USAGE, PASAGE OF TIME, OBSOLASIONS, WEAR & TAR
ETC,
METHODS
AS PER AS6 MENTIONED ONLY 2 METHOD BUT THEORETICALLY 7
METHODS 1 STRAIGHT LINE METHOD,2 WRITTN DOWN VALUE METHOD,3
SINKING FUND METHOD,4 ANNUTY MENTHOD,5. MACHINE HOUR RAE
METHOD,6, PRODUCTION HOUR RATE METHOD,& DEPLETION METHOD
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / m.a.sajid khan
depreciation means reducing the value of Fixed asset to now the future or expected value of asset.Depreciation will calculate only fixed assets only.Depreciation can be calculate with different methods.
Methods are given below.
1.stright line method/fixed installment method
2.reducing Balance method/Diminishing Balance Method
3.annuti Method
4.funds Method
5.insurance Method.
Depreciation is vast topic and its rules.According to GAAP and
| Is This Answer Correct ? | 1 Yes | 0 No |
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
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