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Unavoidable depreciation factors like age of the object.
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∙ 12y ago
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Is depreciation fixed cost?
Yes depreciation is fixed cost because it do not vary with the volume of production and remained fixed whether any production or not.
Fixed asset depreciation schedule?
Fixed asset depreciation schedule shows the calculation of yearly depreciation expense which is scheduled to be charged to income statement for all fixed assets and the total amount of depreciation applicable to specific income statement of business.
What are the types of depreciation?
There are three types of depreciation. Fixed Installment, Diminishing balance and Component Depreciation.
If Fixed assets are properly maintained, depreciation is unnecessary. Do you agree?
If fixed assets are properly maintained, depreciation is unnecessary do you agree.?
What is entry for depreciation?
[Debit] Depreciation expense[credit] fixed asset.
Fixed assets reduces profits in balance sheet?
depreciation of fixed assets reduces the profit as depreciation is also an expense.
Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
What is the journal entry for depreciation expense?
Debit depreciation expenseCredit fixed asset
Can you refer depreciation as fixed cost?
no
Is depreciation and amortization a fixed cost?
no
Depreciation is provided on?
on Fixed Assets
Sum of the year depreciation?
In sum of year digit depreciation method depreciation is charged based on total number of years fixed assets is usable in business instead of using any percentage or fixed amount of depreciation.
