how accountant calculatee depriciation
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Answer / santosh kulkarni
ACTUALLY TWO TYPES OF CALCULATION OF DEPRICIATION ONE IS
STRATE LINE METHOD & OTHER IS WRITTEN DOWN METHOD BY THE
FIRST METHOD YOU HAVE CALCULATE DEPRICIATION ON THE OPENING
AMOUNT OF ASSET FOR EXAMPLE
VALUE OF ASSET 20000
RATE OF DEPRICIATION 10%
FOR THE 1 YEAR CALULATION IS (20000*10%=2000/-)
FOR THE SECOND YEAR
VALUE OF ASSET 18000
RATE OF DEPRICIATION
THE CALCULATION (18000-2000)
IT MEANS THE AMOUNT OF DEPRICIATION IS FIXED
& BY THE SECOND METHOD
THE YOU HAVE CALCULATE DEPRICIATION ON THE WRITTEN VALE OF
ASSET
FOR EXAMPLE
(20000*10%=2000
20000-2000=18000
18000*10%=1800
18000-1800=16200
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Answer / yonus
depreciation is calculated by slm method for example if
machinary is purchase of rs 100000 ask to calculate for
the financial year. then you have to calculated under slm
company will give how much percent to take if 10 percent on
100000 means
100000*10/100 = 10000
so depreciation of 100000 is 10000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajesh
Depreciation amount may vary for fixed assets.
for Computer 60% is depreciation amount ( For ex. if the
opening balance as on 01.04.08 Rs.10000/-.and in the
financial year nothing was added so the closing balance
will be Rs.10,000/-. below is the calculation)
Dr Depreciaton 6000/-.
cr Computer 6000/-.
Narration: Being the 60% Depreciation Calculated for the FY
2008-09
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / raja rajeswari
The depreciation is calculated by following way
depreciation= value of asset+salvagevalue\life priod of the
asset
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Depreciation means allocation of fixed asset for estimated
years. it account calculate firstly purchase date, estimated
life year, purchase value, and Salvage value and production
capacity.
| Is This Answer Correct ? | 0 Yes | 1 No |
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