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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 is the entry for accumulated depreciation?
Debit depreciation accountCredit accumulated depreciation
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 journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
How do you record annual depreciation and accumulated depreciation?
[Debit] Depreciation expense[Credit] Accumulated depreciationAfter that depreciation is shown as part of income statement while accumulated depreciation goes to balance sheet.
What are some of the different types of wood used for making fences?
Some of the different types of wood used for making fences are: Split-rail wood fences, Picket-style fencing, lattice fencing, Pine wood fencing
Are industrial chain link fences more secure than wood fences?
Chain link fences are more secure. These are also less labor intesive to install. Industrial chain link fences are more secure than wood fences, though they do not offer the privacy of a wood fence.
Is cedar durable for fences?
It is a VERY durable wood for fences and fence posts.
Do chain linked fences provide better securiting than wood fences?
Chain linked fences are generally five times stronger then wood. However, they are more expensive and harder to build. And it also depends on the design of these fences.
What are the benefits of chain link fencing?
Chain link fencing is said to be most cost efficient compared to traditional wood fences and vinyl fences. Chain link fences do not require much maintenance.
What type of stain is best for wood fences?
The best stain to use on a wooden fence is the type that has a sealer mixed in with it. This will save you time and money because you can stain and seal all at the same time. The best stain to use on wood fences is a dark stain.
How long will cedar wood last?
morning wood usaully last untill the morning
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 is the entry for accumulated depreciation?
Debit depreciation accountCredit accumulated depreciation
