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What is a Fixed Asset Equipment Depreciation Schedule such as automobile building machine etc. and what is the year of the asset's life?
Wiki User
∙ 16y ago
If you have excel, there are various schedules prepared for you. Assets life spans vary, property is normally 30 years, vehicles range 3-5, heavy equipment brand new is probably 7.... it depends on your specific assets and how old they are, their value, etc. Some schedules give you an outline to go by... I believe the Capital Assset Depreciation on MicroSoft excel's site comes with some examples. GOOD LUCK!!!
Wiki User
∙ 16y ago
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What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
Cost less accumulated depreciation is a measurement of the current value of an asset such as equipment or a building?
buliding
What is the main purpose of charging depreciation?
the expired cost of fixed plant assets such as land, building, equipment, furniture and fixtures and automobile etc.., after a year is known as depreciation. it means that if you depreciate the value of any fixed assets you will be able to estimate its life for the future use..it can help you to estimate the total revenue earned by using that assets.
Can depreciation charged at building?
Building is an asset for business and depreciation is only charged to assets of business so in this way depreciation is charged to building as well.
Depreciation a product cost?
In the US, the answer depends on what depreciable assets you are talking about.Depreciation on any depreciable asset that is directlyused in the production of goods is part of Manufacturing Overhead, and therefore is a product cost, which is included in the calculation of the value of both inventory and cost of goods sold. So, depreciation on a factory building and factory equipment directly used to manufacture a product are both product costs.Conversely, depreciation on equipment that is NOTdirectly used in production (e.g., depreciation on office computer equipment) is NOT a product cost.
How do you calculate property depreciation in india?
Property depreciation only done on building land is in nature of application
When was California Automobile Association Building created?
California Automobile Association Building was created in 1974.
When was Clemens Automobile Company Building created?
Clemens Automobile Company Building was created in 1916.
What is the depreciation rate for a sign on a building?
Seven years
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.
What are the release dates for Building an Automobile - 1912?
Building an Automobile - 1912 was released on: USA: 21 December 1912
Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
