After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset
Latest Answer : When asset is added:------------------------------Asset Cost A/C DrAsset Clearing A/C CrWhen there is a change in the Asset:-----------------------------------------------If change impacts increase in asset costAsset Cost A/c DrAsset Clearing A/C Crin ...
Latest Answer : Asset Accounting component in SAP is meant for managing and supervising fixed assets and their values. ...
Depreciation is the decrease in the value of an asset due to wear & tear, obsolscense, laps of time.
Latest Answer : Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets due wear & tear, Obsolence. ...
I am trying to retire fixed assets that have fully depreciated. Can I retire it by scrapping
Latest Answer : Yes, by scrapping the same Asset. ...
Can we set default system date in fixed asset in Oracle Apps 11i? If yes, then how?
Why do we calculate loans & advance on the asset side of the balance sheet?
Latest Answer : Payments to staff as advance and loan to sister concern or other company on interest is chargeble (TERM LOAN ETC) ...
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 ...
What is Asset life cycle?