of depreciation was

Q: hy were two methods of depreciation used?

A: Introduction:- In this problem data given for two depreciation methods as follows under:- i)Double…

Q: Under what conditions is the use of the straight-line depreciation method most appropriate?

A: There are different methods of depreciation and one such method is straight line method of…

Q: What are two major types of depreciation?

A: In general terms, depreciation is a decline in the value of long-term tangible assets. In…

Q: depreciation

A: The conservative principle of accounting states that recognize expenses and losses as much as can be…

Q: Cost when acquired $36,000 Estimated salvage value $2,000 Estimated useful life 10 years Method of…

A: Depreciation is the value of an asset that is decreased over the period of time. It is known as the…

Q: a) Explain the similarities and differences among depreciation, depletion, and amortization.

A: a)

Q: 1. Mr Hidayat is a sole trade who maintain his non-current asset at cost. On 31 December 2019, he…

A: Assets reduces their values each year which is said to be depreciation.

Q: The cost of an asset that is subject to depreciation os called?

A: Assets: Assets are those resources that are owned by the business organization which has an economic…

Q: erent methods of calculating depreciation.

A:

Q: Is residual value deductible when using accelerated method of depreciation>

A: The accelerated method of depreciation includes double declining balance method, 150% declining…

Q: Depreciation should be applied to a new long-lived item over what time period? Explain

A: This question explains about applied to a new long-lived item over what time period.

Q: What is meant by straight line method if charging depreciation?

A: Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset due to its…

Q: What is depreciation of property, plant and equipment? What are the factors to consider in computing…

A: Depreciation Depreciation is the term which is used for the business to deduct the amount…

Q: Depreciation expense is used to

A: Depreciation is gradual decrease in the value of asset due to normal wear and tear, obsolescence and…

Q: What are some recommendations to the pronouncements on depreciation?

A: Depreciation refers to the decrease in the value of a fixed asset over time due to wear and tear,…

Q: How do you figure units-of-production method depreciation?

A: The business entities are required to charge the depreciation expense on their assets so that the…

Q: Your answer has been saved. See score details after the due date. On June 30, 2022, the company sold…

A: When an asset is sold. Cash/Bank is debited, Historical cost of the asset is credited , accumulated…

Q: 2. Lepat Trading prepared its account on 30 June every year. On 30 June 2019, the statement of…

A: In the above question we have asked to prepare Machinery , Motor Vehicles and Accumulated…

Q: In what circumstances should the units-of-activity depreciation method be used?

A: INTRODUCTION: Fixed assets are long-term tangible assets utilized by businesses to generate profits.…

Q: epreciation

A: Depreciation is an expense which is charged on fixed assets and reduces the value of fixed assets…

Q: Discuss special depreciation methods and other depreciation issues.

A: Depreciation is decrease in the value of assets due to normal wear, tear, and obsolesce Depreciation…

Q: Define straight-line depreciation method

A: Depreciation means fall in value of depreciable assets with passage of time. There are many methods…

Q: Explain the suitability of the depreciation method.

A: SOLUTION- Depreciation is an accounting method of allocating the cost of a tangible or physical…

Q: What factors must be known or estimated in order to compute depreciation expense?

A: Definition: Depreciation: Depreciation is a decrease in the value of the fixed assets over a period…