what is depreciation? what are depreciation methods?
please explain those method? can any one reply urgently?
Answer
- 4 Answers
- 6849 Views
- I also Faced
- E-Mail Answers
Answer Posted / vinitha.t
Depreciating/reducing the value of the fixed assets to know
the current value of the assets. All assets are depreciated
except land&building because its value goes on increasing.
Types of depreciation
written down value method-It is depreciated by taking book
value of the assets with a percentage of a depreciation.
straight line method-It is depreciated by taking the
purchase value of the assets.
annuity method
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
What is the difference between provision and reverse?
What is the difference in accounting and marketing?
journal entry for goods withdrawn for personal use
What is the basic accounting equation?
What is a business transaction in accounting?
wat is mass allocation and when it is used
how will you adjust voluntary seperation payment in cash flow statement
describe any accounting process that you have developed or revised
in Tally what is cost cenre,cost categori and why we need to prepare them
Tell me what is your track record for consistently achieving your targets?
what is consignment entry?
Please explain the difference between provision and reserve?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
