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How much money should be set aside annually to fund depreciation on a new 15000000 dollar asset?
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How much money should you make annually to afford a 60000 dollar car?
600,000
Why should you add indirect taxes and depreciation?
why should we add indirect taxes and depreciation?
What is accumulated depreciation?
The accumulated deprecation is the all the depreciation amounts should be the accumulated depreciation.
How should depreciation be treated in budget preparation by a nonprofit corporation?
How should depreciation be handled in a non profit budget?
What is provision for depreciation?
Provision of depreciation account is the account of provision of depreciation.First of all we should understand provision of depreciation .Provision of depreciation is the collected value of all depreciation. With making of this account we are not credited depreciation in asset account. But transfer every year depreciation to provision of depreciation account. Every year we adopt this procedure and when assets are sold we will transfer sold assets 'total depreciation to credit side of asset account. For calculating correct profit or loss on fixed asset. This provision uses with any method of calculating depreciation.
Should depreciation expenses be reported in retained earnings?
no
What are some good online resources to learn about asset depreciation?
To learn about asset depreciation, you should go to en.wikipedia.org/wiki/Depreciation. Another good site is taxguide.completetax.com/text/Q14_2900.asp
What are the effect of depreciation on profit and loss and balance sheet?
Depreciation is an expense. It should be charged under expense of a P&L Statement. Provision for Depreciation is the total depreciation of a particular fixed asset accumulated over the years. It should be deducted from the figure of the Fixed asset.
How often should a boiler be serviced?
Annually. If it`s fueled with oil absolutely annually.
How often should you get checkups?
Annually
Why should depreciation be treated as expense?
Depreciation is a portion of fixed asset charged to income statement due to wear and tear of assets during use in business in fiscal year that's why that wear and tear is accounted for by using depreciation.
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
