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The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
What is depreciation in terms of accounts?
Depreciation in accounting refers to the gradual decrease in the value of a tangible asset over time. It is a method of allocating the cost of an asset over its useful life, in order to reflect the wear and tear or obsolescence of the asset as it is used in the business operations.
Is accumulated depreciation a real or temporary account and why?
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
What is Reducing balance method of depreciation?
This is an accelerated method of depreciation in which the depreciation is computed by applying a fixed rate to the book value of the fixed asset. This method results in a higher depreciation charge in the early life of the asset compared to later years. The rationale for using this method is that many kinds of plant assets are most efficient when new, so they provide better service in the early years of its useful life. It is therefore consistent with the matching rule to allocate more depreciation to the early years compared to later years if the benefits to be received in the early years are higher. E.g. Computers are more useful in the early years compared to later years, since they are easily obsolete by technological advances. Hence, it has diminishing value as the years goes by.
The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
What is accumulated depreciation on a statement of cash flow?
Accumulated depreciation is the amount of a long-term's asset's cost that has been allocated to depreciation since the time the asset was acquired.
What is the expansion of PBDIT?
PBDIT stands for "Profit Before Depreciation Interest and Taxes" How to abbreviate "Profit Before Depreciation Interest and Taxes"? "Profit Before Depreciation Interest and Taxes" can be abbreviated as PBDIT.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
What is rate of depreciation on battery?
13.91% since tubular batery will be grouped under the block plant and machinery
How long did the Colosseum stand since it was build?
At last calculation about 1,928 years
Does the hair on the bottom of cats paws bother them?
Cats probably wonder if our finger nails bother us...but they don't right? well that's how it is with cats! And since they were born with it, its really totally normal to them. So NO, the hair doesn't bother them.
Who had more than 2 terms in office?
Since you did not bother to specify which office, I can say that I did.
How are accumulated depreciation and depreciation expenses similar?
Accumulated depreciation is all of the depreciation ever 'accumulated' against the assets currently in service. It is shown on the balance sheet as a 'contra' (negative) asset, directly below the assets it relates to. Depreciation expense is the current period's depreciation of the assets currently in service. It is shown on the income (P&L) statement as an expense. Example: Business purchased a truck for $20,000 which will last 5 years. For simplicity, we'll use 'straight-line' depreciation. End of Year One: Depreciation expense on Income Statement $4,000 (1/5th of $20,000) Accumulated Depreciation on balance sheet: $4,000 End of Year Two: Depreciation expense on Income Statement $4,000 Accumulated Depreciation on balance sheet: $8,000 (both years) End of Year Three: Depreciation expense on Income Statement $4,000 Accumulated Depreciation on balance sheet: $12,000 (all three years)
What is the result of the following calculation using the correct number of significant figures in the answer?
It might have been possible to answer the question if the "following" multiplication had followed. But since you did not bother to make sure that it did, I cannot provide a more useful answer.
What is the appreciation or depreciation rate on a 2010 Chevy Camaro Coupe?
Impossible to tell as of yet since it's a brand-new model
How many people from Alabama died in the American Civil War?
Since exact records are unavailable, the best estimates are that about 12,000 died in battle. These figures are only estimates.
