0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What factors do you take into account in determining the amount of depreciation?
You need to consider the useful life if the asset. The risidual income you expect to get from selling it on. And whether you are using straight line or reducing balance.
What factors must be considered in determining the period of depreciation charged?
In determining the period of depreciation to be charged, one must consider the cost of the asset and its estimated salvage value. The usual life of the asset must also be considered together with its obsolescence.
Why depreciation is not same amount each year?
why depreciation is not same amount each year?
What is fixed depreciation?
Unavoidable depreciation factors like age of the object.
Is depreciation a credit or debit entry?
"Depreciation Expense" is a Debit entry and the counter entry is "accumulated depreciation" on an asset which is a credit entry. Depreciation - DR. Amount X Acc. Depreciation - CR. Amount X
The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is?
straight-line
What are the biggest 2 factors in determining the amount of friction?
The force with which both surfaces are touching and the types of surfaces involved
How is the straight line depreciation method different from declining balance method?
The straight-line depreciation method allocates the cost of an asset evenly over its useful life, while the declining balance method applies a fixed depreciation rate to the asset's declining book value each year. Straight-line method results in equal annual depreciation expenses, while declining balance method typically yields higher depreciation expenses in the early years of an asset's life.
Factors determining office location office location?
factors determining office location
Is Depreciation amount differs in leap years?
No.
What is the average amount of child support paid in America?
The monthly amount paid for child support varies greatly based on a number of factors. There really isn't an "average" amount; the supporting parent's financial and employment situations are key determining factors.
Depreciation straight line method?
Straight line depreciation method is that method in which fixed amount of depreciation is charged to all fiscal years in which that asset is used.
