buliding
Depreciation policy is management thing that what depreciation method to use and how much depreciation to charge to each asset. Depreciation concepts are concepts which govern the depreciation process which management cannot change they are universal rules to follow depreciation that how straight line depreciation work etc.
Debit depreciation accountCredit 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)
[Debit] Depreciation account [Credit] Accumulated depreciation
buliding
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
no watt is a measurement of power where as if you meant joule that is a measurement of energy which are not the same thing
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
Depreciation expenses is for one specific fiscal year while accumulated depreciation is the sum of all depreciation expenses that’s why accumulated depreciation exceeds the depreciation if there is depreciation expense in prior year as well.
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
Depreciation policy is management thing that what depreciation method to use and how much depreciation to charge to each asset. Depreciation concepts are concepts which govern the depreciation process which management cannot change they are universal rules to follow depreciation that how straight line depreciation work etc.
Debit depreciation accountCredit accumulated depreciation
Margin and turnover in ROI calculations: Margin: In ROI calculation margin is the ratio of net operating income to total sales. Turnover: In ROI calculation turnover means the ratio of total sales to average operating assets. Operating assets include cash, A/R, inventory, PP&E, and so on. Land held for future use, leases, and investments do not count.
In any measurement, the accurately known digits and the first doubtful digits are called significant figures.
Assuming you meant '...millilitres to metres' - you can't ! Millilitre is a measurement of volume and metre is a measurement of distance !