what is depriciation?explain all methods of depriciation?and
give more dwtais about depriciation?
Answers were Sorted based on User's Feedback
Answer / sivasis rath
depriciation means reduction in the value of asset over the
period due to use,wear and tear etc.
Methods Of Depriciation
1 straight line method
2 written down value method
3 sinking fund method
4 depletion method etc.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / k s reddy
depreciation is a gradual decresing value of an
asset,there are two major methods to calculate
depreciation 1)fixed installment method 2)diminishing
balnce method.
FIM:asset value*depreciation % or
FIM:asset value+installation expenses+repairs-scrap/life
period of an asset.
DBM:balnce b?d value of an asset*depreciation %
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / rahul jaiswal
Depriciation is a indirect expense which depriciate fixed
assets value is called depreciation.There are two types
methods of depriciation:
Straight Line methods
Written Down value methods.
And there are charge for fixed assets then accounting entry
done i.e
Depriciation A/c---Dr
To Fixed assets A/c
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / rizwan ahmed
depriciation is the estimated value of services which was
assets deleverd
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / srikanth
depreciation is a machine scrap and total life of the asset
decresing is called dericiation
types:
fixed based
temporary based
| Is This Answer Correct ? | 6 Yes | 6 No |
can any one tell me what is the difference between Accounting period & Financial year? Will be waiting for your answer. It's an open source question, any correct answer will be appreciable. Thanks. Regards, Mr. RKO
I paid internet charges for my firm.how to pass journal entries?
what is net worth ?
Assigning natural account to accounting seg. What will happen
for an employee in receipt of hostel allowance for his three children,the maximum annual allowance exempt u/s 10 (14) is
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
what is Cost of Goods Sold give example?
How to entry cash & credit card sales in Tally ERP in One sales vocuher pls help me in this?
What would be the TDS Payment entry after deducting TDS using TDS helper?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
If salary paid per month Rs 40000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
meaning of capital