we calculate appreciation for asset what is it?
Answer Posted / h.r. sreepada bhagi
A Company can have an asset revaluation policy & can value
its long term assets periodically. Revaluation can result in
either increase or decrease in the value of the asset.
Increase in value is 'Appreciation' & decrease in value is
'Depreciation'. However the difference in the present book
value of assets & the value arrived at on revaluation will
be transferred to Revaluation Reserve A/c. One example of
appreciation in value is that of Land.
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what is composition vat
what is differred tax liability? explain in detail with some example.
in what form is crr kept in RBI?
what are the purpose for the preparation of cost centre ?
define fixed assets
Expand---------MDOT
What is the use of final account?
in a every intervew asking one common question why you are living current employer, which is the best answer
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
how to maintain stock if any entry mismatch pllzz tell me short cut
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
What's the meaning of Preferential Creditor?
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record