What are the various methods to depreciate an asset?
Answer Posted / jubeda
THERE ARE TWO METHODS
1. FIXED INSATLLMENT METHOD/ORIGINAL COST METHOD
2. REDUCING BALANCE METHOD/WRITTEN DOWN VALUE
METHOD/DIMINISHING BALANCE METHOD
THERE IS ONE MORTE WAY OF CALCULATING DEPRECIATION
THAT IS CHANGE IN METHOD.
Is This Answer Correct ? | 12 Yes | 5 No |
Post New Answer View All Answers
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall
our cheque to Arshad Khan was dishonored?
what single discount is to2 successive discount of 10%& 15%
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
why accounting is important in business?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
What are the differences between contrast bookkeeping and accounting
we can transfer stock between two firms with same name but prop. is different.
Tell me how you can adjust entries into account?
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
goods worth rupees 440 distributes free among the poor?
What do you mean by balancing of ledger account?
how can i settle the party ac with cr & dr
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.