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Which of the following methods will result in the highest depreciation in the first year 1.Sum-of-years-digits 2.Time valuation 3.Straight-line 4.Declining-balance?
Isky3232
Declining-balance
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∙ 12y ago
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What is the correct way to account for depreciation in the books?
Which of the following represents the correct way to account for depreciation on the books
How does depreciation affect the cost of capital?
Please refer to the following Web site for a complete explanation on how depreciation affects the cost of capital: http://en.wikipedia.org/wiki/Depreciation
Which of the following methods of computing depreciation is production based?
Which of the following methods of computing depreciation is production based?A. Straight-line.B. Declining-balance.C. Units-of-activity.D. None of these.Ans: C. Units- of- activity
How do you calculate software depreciation?
Depreciation amounts and time of depreciation (179, 1 year, 5 years, etc.) are based on the class of the asset. Your tax software will help you determine which class the software belongs to and the depreciation amounts for tax year 2007 and following. The IRS.gov website should also have this information.
What is EBIDAT?
Earnings before interest and depreciation after taxes # I don't believe this person's answer is correct - after a long search I found the following meaning "Earnings Before Interest, Depreciation, Amortisation >And< Tax" #
How does one use a car depreciation calculator?
A person can use a car depreciation calculator by checking the following sources: What Car, Free Online Calculator Use, Edmunds, Bank Rate, Cars Direct, to name a few.
How many methods of calculating depreciation?
Following are different methods of depreciation: 1 - Straight line method 2 - Diminishing balance method 3 - Double declining method 4 - Sum of years method 5 - MACRS
Which of the following provisions of the Internal Revenue Code can be used to reduce the amount of the income tax expense arising from capital investment projects?
Depreciation deduction submitted by Gigi Calix
Which value chain function would include depreciation on transportation cost?
Big Winery owns several large oak barrels which it uses to make wine. Which of the following should big use to allocate the cost of the oak barrels when determining the taxes payable for the company?
Matching in accounting means to make an entry in the journal is true or false?
Cash-basis accounting ignores all of the following except: A) payables. B) depreciation. C) receivables. D) expenses.
Depreciation methods by law?
as per accounting standards issued by icai depreciation can be charged by following two methods 1)straight line method 2)written down value method but as per income tax act depreciation is allowed by way of wdv method.
Why depreciation is considered as non-cash item and comes under the heading of operating expenses in Income Statement?
Depreciation is a way to match expenses for an assets that was purchased in a different accounting cycle. As the assets produces income, the expenses of the asset is then matched in following accounting cycles. It is considered an operating expense, since the matching assets is used for business operations.
