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What is the difference between depreciation and accumulated depreciation?
Depreciation is for a particular year (say for Year 3). Accumulated depreciation is the aggregate of depreciation from the beginning (say from Year 1 to Year 3)
What is the entry to record depreciation expense?
There are two entries to record Depreciation Expense. Say we are depreciating a TruckDebit Depreciation Expense - Equipment TruckCredit Accumulated Depreciation - Equipment TruckAt the end of the Accounting Cycle when the books are closed Depreciation Expense will be closed out, Accumulated Depreciation will not be. It remains on the books as long as the item being depreciated is in use and still listed as an Asset.
How are accumulated depreciation and depreciation related?
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
How are accumulated depreciation and depreciation expensese related?
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
Why accumulated depreciation exceed depreciation expense?
Depreciation expenses is for one specific fiscal year while accumulated depreciation is the sum of all depreciation expenses that’s why accumulated depreciation exceeds the depreciation if there is depreciation expense in prior year as well.
Distinguish between depreciation policy and the concept of depreciation?
Depreciation policy is management thing that what depreciation method to use and how much depreciation to charge to each asset. Depreciation concepts are concepts which govern the depreciation process which management cannot change they are universal rules to follow depreciation that how straight line depreciation work etc.
What measures can be taken to reduce rupee depreciation?
Rupee depreciation is currently being attributed to several things. One of those things is the ups and downs of the world economy. Many economists say that the drastic depreciation of the rupee with level off in time when the world market does.
What is the entry for accumulated depreciation?
Debit depreciation accountCredit accumulated depreciation
How do you say sister n law in spanish?
Sister in law in Spanish is cunada.
How do you say hi i still in spanish?
How to say "hi" in spanish is Hola. How to say "bye" in spanish is Adios.
How do you say how do you say sister in spanish?
how do you say sister in spanish
How do you say Sabrina in Spanish?
you say it in spanish as- sarina
