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A 17 year old building would cost 245000 to build new today You estimate the effective age to be 15 years and remaining economic life is 45 years by age life method how much is depreciation?
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∙ 15y ago
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Wiki User
∙ 15y ago
Joe Misseri
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What is "actual depreciation" ?
The depreciation that has occurred as a result of physical, functional or economic affects and have caused a loss in the value of a building.
Depreciation is a very important economic problem and needs to be used in accounting for what purpose?
all of these
What is depreciation and what difference between accumulated depreciation and depreciation expanes and where these adjustd in accounting system?
When a company buys an asset they have to spread the cost of the asset over it's useful economic lifetime, this is done with depreciation. The accumulated depreciation is the depreciation from previous years and the charge for the year is the amount being depricated that year, which will be charged to the profit and loss. The assets will shows as a debit balance while depreciation will show as a credit balance in the balance sheet. When charge the depreciation for the year you would credit the balance sheet and debit the profit and loss. So after the asset has come to the end of it's useful economic lifetime the value in the balance sheet will become zero or close to it as the credits of depreciation will cancel out the debit if the asset value.
What are three economic costs of unprofitable businesses?
Earnings before interest, taxes, depreciation and amortization
When was Hanley Economic Building Society created?
Hanley Economic Building Society was created in 1854.
Differences between currency depreciation and apreciation?
Devaluation and depreciation are often interchangeable, although there is a subtle difference. Devaluation refers to changing the value of a currency in a fixed exchange rate, while depreciation is decreasing the value in a floating exchange rate.
Which is the first year depreciation deduction on a machine with a three-year- useful life which costs 5000 and has no salvage value?
Answer:The depreciation expense depends on the depreciation method, the cost, the residual value and the economic lifetime. Common depreciation methods include: straight line method, accelerated deprecation methods (including the double declining balance method), sum of digits method and production method. Straight line methodAssuming you are using the straight line method, the depreciation expense in the first year is: cost - residual value, divided by the economic lifetime= (5000 - 0) / 3 = 1666.67
What is the recapture rate if the property has remaining economic life of 35 years?
The formula to figure the Recapture rate is: 1/USEFUL LIFE of a property. So in this example, it states there are 35 more years of economic life in the subject property, so the problem is figured by 1/35 (1 divided by 35) or .0286 (2.86%). So the Recapture Rate is equal to the rate of depreciation that is allowed for one year.
What is the most effective economic system?
the most effective system i think is mixed market
Why depreciation is charged on assets?
depreciation -- Decline in the value of a currency, financial asset, or capital good. When applied to a capital good, depreciation usually refers to loss of value because of obsolescence, wear, or destruction (as by fire or flood). Book depreciation (also known as tax depreciation) is the depreciation that the tax code allows businesses to deduct when they calculate their taxable profits. It is typically faster than economic depreciation, which represents the actual decline in the value of the asset. Both measures of depreciation appear as part of the national income and product accounts.another definition...depreciation -- Decrease in the value of equipment from wear and tear and the passage of time. Depreciation on business equipment is generally deductible for tax purposes.another definition...depreciation -- the decline in the dollar value of an asset over time and though use. The amount of annual depreciation may be computed differently for tax purposes than the actual decline in value.
What is meaning of depreciation and devaluation and appreciation and revaluation?
depreciation is due to international economic pressure i.e the supply and demand of a currrency whilst devaluation is done by the government of a certain country , when it decides to set its currency or give its currency a certain value against others.
Is national building the same as economic growth?
Yeah.
