Explain 4 types of Depriciation?
Answer / bijo joseph
Basing on the nature of the asset the depreciation will be
calculated.there are different methods of depreciations.
they are:
1) Straight line method,
2) Diminishing value method,
3) Sinking fund method,
4) Annuity method,
5) Depletion method. etc
Is This Answer Correct ? | 12 Yes | 6 No |
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Expand ------PASA
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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