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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)
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
Depreciation is equal to?
Depreciation is the cost that is charged to the P&L for writing down fixed assets over their useful lives, for example if a business owns a car that they believe has a useful life of 3 years and cost £6,000. This car would then be written off, or depreciated, over 3 years at £2,000 per yea, or £167 per month, with this cost going through the P&L as an expense every month.
The ledger of Piper Rental Agency on March 31 of the current year included the following selected accounts before adjusting entries have been prepared.?
1. Mar. 31 Depreciation Expense ($400 X 3)   1,200 Accumulated Depreciation-   Equipment   1,200 2. 31 Unearned Rent 3,300 Rent Revenue ($9,900 X 1/3) 3,300 3. 31 Interest Expense   500 Interest Payable   500 4. 31 Supplies Expense 2,100 Supplies ($2,800 - $700) 2,100 5. 31 Insurance Expense ($200 X 3)   600 Prepaid Insurance   600
What is depreciation?
Depreciation means decline in the value of fixed assets due to use, passage of time or obsolescence. According to R.N. CARTER, " Depreciation is gradual or permanent decrease in the value of asset from any cause".
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 are 3 main reasons not to move to Southwest Asia?
Poverty.
How to calculate pickup truck depreciation 4562 IRS form?
how to calculate 3 ton pick depreciation
What is the typical depreciation life of computers?
The typical depreciation life of computers is around 3 to 5 years.
What are the 3 main reasons that immigrants couldn't leave tenement buildings?
they were gay
What are 3 main reasons that immigrants couldn't leave tenement buildings?
they were gay
What is the expected depreciation life of a computer server?
The expected depreciation life of a computer server is typically around 3 to 5 years.
What is the expected laptop depreciation life for this model?
The expected laptop depreciation life for this model is typically around 3 to 5 years.
What is the expected computer depreciation life for this particular model?
The expected computer depreciation life for this model is typically around 3 to 5 years.
What is the typical useful life of a computer for depreciation purposes?
The typical useful life of a computer for depreciation purposes is around 3 to 5 years.
What is the useful life of a laptop for depreciation purposes?
The useful life of a laptop for depreciation purposes is typically considered to be around 3 to 5 years.
What are the 3 main reasons you need a job?
To provide for your needsTo gain experienceTo contribute to society
