Interested to Buy Any Domain ? << Click Here >> for more details...
what is depreciation and methods mostly used
- 4 Answers
- 8901 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanmilan
All Assets have a Life Span. The capacity or productivity of
any particular asset need not be same as initial years after
using the same for 5 years. So cost of acquiring an asset is
spread over the estimated life of the assets. This is called
Depreciation.
Straight Line Method, Written Down method, Declining method
Sum-of the Years’ digit Method are the Deprecation Methods.
Most commonly used are Straight Line & WDV Methods.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / anithajayanna
The term depreciation represents loss or diminution in the value of an asset consequent upon wear and tear ,obsolescence, effluxion of time or fall in market value.
Methods of Depreciation
1.Fixed installment Method
2.Diminishing Balance Method
3.Annuity Method
4.Depreciation Fund Method
5.Straight Line Method
6.Replacement Cost Method
7.Statutory Method
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / gangadhar das
More than 14 dep. methods are there but mostly common
method used by a company is (SLM & WDM)
SLM:- STRAIGHT LINE METHOD
WDM:- WRITTEN DOWN METHOD
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / barodianbuddy(acca)
According to IAS 16, their are two key methods of depreciation. They are Straight line method & Reducing balance method. The other methods used are Machine hour rate method & Sum of the digits method.
| Is This Answer Correct ? | 0 Yes | 0 No |
Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,personal and nominal account)?
What is step by step procedure to file e-tds quarterly teturn ?
formula for capital turnover ratio
WHAT IS THE DIFFERENCE BETWEEN BANK BALANCE SHEET AND INSURANCE BALANCE SHEET.
What is the TDS deduction & Service chargges for FY 2011- 2012
Explain which account is responsible for interest payable?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
IF MY SALARY IS RS.8000 P.M THEN I HOW MUCH I GET BY DEDUCTING P.F & ESI IF COMP DEDUCTS BOTH ESI & PF
6 Answers AEL, Globarena Technologies, Primaccess,
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
Define overhead in terms of accounting?
In South Africa , the current rate for value added tax is ?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Audit 
