What is Asset life cycle?
Annuity Method Sinking Method Machine Hour Method Production Unit Method.
Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?
What type of depreciation is calculated for cold mines ?
Latest Answer: Written Down Method ...
Which are the methods of depreciation?
Latest Answer: Types of Depreciation
1) Straight Line Method
2) Written down value method
Straight Line Depreciation Calculation
(Purchase Price of Asset - Approximate Salvage Value) ÷ Estimated Useful
Life of Asset
Example: You buy a new computer for your ...
A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company's
Latest Answer: current asset is $3billion so, current ratio = current assset current liabilities1.5 = 3 / current liabilities current liabilities 1.5 = 3hence current liabilties is $2 billion Now, quick ratio = quick asset / current liabilities1.0 = quick ...
Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation
Latest Answer: Car:Tangible20,000 Accounting Software:Intangible6,000 To account payable26,000 Audit Fees3,000 To account payable3,000 DereciationDereciation:Car1,000 Amortization:Software1,000 To Accumulated Depreciation2,000 ...
Explain the nature and accounting treatment for fixed asset.
Latest Answer: Once the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.As per the company procedures depreciation will be calculated. Depreciation ...
How can we made calculation of Fixed Assets?
Latest Answer: Could you please elaborate the question..I think your question is regarding depreciation calculation. ...
I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com
Latest Answer: 1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method ...
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