(i) dumper (ii) dumper disposal (iiilprovision for depreciation- dumpers.

Q: Define Depreciation expense.

A: Managerial accounting: Managerial accounting is the process of identifying, measuring, analyzing,…

Q: What type of depreciation expense pattern is used under eachof the following methods and when is its…

A: or

Q: depreciation

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

Q: Illustrate the features of the MAC RS depreciation method?

A: The modified accelerated cost recovery system (MACRS) is an arrangement of depreciation utilized in…

Q: explain one method of depreciation

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: describe the costs associated with tangible and intangible assets, and the methods of expensing…

A: Tangible Assets: Intangible assets are tangible assets that can be touched or felt. They include…

Q: Define composite depreciation method.

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

Q: Why is the recording of depreciation expense necessary?

A: Introduction:- Depreciation is non cash expenses. Which is charged on fixed asset. Which is charged…

Q: A general description of the depreciation methods applicable to major classes of depreciable assets?

A: Depreciation is the allocation of cost of the asset over the useful life of the asset. Depreciation…

Q: Which of the following terms describes expenditures made to repurpose an asset?

A: The asset is the future benefit of the company that would have to be sacrificed to pay off the…

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: Define accelerated depreciation method

A: Depreciation can be referred as the reduction in the fair value of an asset due to its usage over…

Q: Explain the appropriate accounting treatment required when a change in depreciation, amortization,…

A: Change in inventory method: Change in inventory method is said to be the difference between the…

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,…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.