Answer Posted / vinotha.v
the assets value year to year reduce the value (ie)
depreciation.
EX. Machinery value Rs. 10000/-
Depreciation @ 10%
Calculation of Depreciation:
Machinery value 10000
Less: Depreciation 10000*10% 1000
_______
Machinery original value: 9000
_______
Depreciation value = Rs.1000/-.
So The machinery value year to year to change.
ie Next year calculated the depreciation Rs.9000/-
(machinery).
Is This Answer Correct ? | 15 Yes | 4 No |
Post New Answer View All Answers
Why we reconcile our debtors? what steps we taken during reconciliation.
How do we return the loan in equal installments with interest in tally
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
what is the meaning of Processing Vendor/Employee payments
what is differred tax liability? explain in detail with some example.
When is a dedit note raised When is an expense booked
1. Fdr mature with interest
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
Explain about Fluctuating Capital
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
what are your plans after completing your MBA (or) studies ?
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
Define control account Thanks
What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????