Interested to Buy Any Domain ? << Click Here >> for more details...
Why don't calculate the depreciation on Land & Devlopment.?
Explain.
- 5 Answers
- 13016 Views
- I also Faced
- E-Mail Answers
Answer Posted / atul
As per me when we calculate the depreciation on land its
depand on location of land because as per rule we have not
charge the depreciation on Land & building at that time
their is no change in land area but if our land area is
locate near of rever or sea and due to change in water
level of rever or sea then our land area goes down so that
time we will charge the depreciation on Land & Building.
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
What are the activities that are included in the cash flow statement?
What does the word credit mean in terms of accounting?
what is the right process for input credit of Service tax. and on which service i can take credit.
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
Do you know what is icai?
What are source documents in accounting?
Plant and machinery destroyed for 50000
Tell us do you have any idea about service tax or excise?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
How to pass the entry in tally for demolished of building?
what is t code of journal voucher report with amount?
difition of reserve & surplus
Do you know retail banking?
What is the difference between depreciation and amortization?
