- The business purchased a machine for 24.000 TL on 01.06.2020 . The scrap value of the machine is 4.000 TL and its economic life is 5 years. The entity uses the straight-line method of depreciation. According to the information above , what is the amount of depreciation that should be allocated for 2020 ?    a) 4,000 TL  B) 8.800 TL  NS) 5.700 TL  D) 8.000 TL  TO) 4.400 TL

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A: Cost of computer = Purchase price of computer + transportation cost + installation cost of desk…

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A: Depreciation: Depreciation means the reduction in an asset's value over the asset's life due to the…

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A: Each firm acquires some assets to run its business. But the value of the assets decreases every year…

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A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

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A: The depreciation is a decline in the value of tangible assets over their useful life. it is a…

Q: 2. A. Distinguish between Straight Line and Written Down Value methods of depreciation. B. A Machine…

A: A - DIFFERENCES BETWEEN STRAIGHT LINE METHOD AND WRITTEN DOWN VALUE METHOD OF DEPRECIATION -   **…

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A: Lets discuss basics. Depreciation is a reduction in value of asset due to wear and tear,…

Q: Nn.57. Subject  :- Account  Company purchased a machine for $9,800 on January​ 1, 2019. The…

A: Depreciation expense is a type of expense that reduces the value of fixed assets. It occurs due to…

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A: Since there are multiple questions, we will solve first for you. To get the remaining questions…

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A: Solution:- This inquiry pertains to the calculation of depreciation expense and accumulated…

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A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

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A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

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A: Formula: Ending book value = Beginning book value - Accumulated  depreciation.

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A: The straight-line method of depreciation is a common way of allocating the cost of the asset to the…

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A: Sum of the years digits = n(n+1)/2 Sum of the years digits =  8(8+1)/2 Sum of the years digits =…

Q: 0,000 per year. Wh

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A: Depreciation per year=Cost-Salvage valueUseful life=$70,000-$20,0005=$10,000

Q: on, the

A: Given: Company purchases for 550,000 salvage value of $50,000

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A: Depreciation will be charged for only 8 months of usage in the Year 2030

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Q: Smitty Inc. wishes to use the revaluation model for this property: Before Revaluation • Building…

A: The question is based on the concept of revaluation of asset and its impact on calculation of…

Q: Dala e estimated scrap value.

A: Answer

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A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.