0
double declining method
it use the number of years only
for example
I.V=120 000$
S.V=2000$
n=5 Years
so.........
Depretiation factor = 2 * 1/n =2*1/5 =.4
year depretiation book value
0 0 120000
1 48000(120000*.4) 72000 (120000-48000)
2 28800 43200
3 17280 25920
4 10368 20000(S.V)
5 0 0
What else can I help you with?
What depreciation method does target use?
the straight line method
Which method of depreciation would you use if you were to receive a bonus which is based on net profit?
which method of depreciation to use when bonus is received that is based on net profit
What depreciation method does wal-mart use?
Straight line
When a separate provision for depreciation account is in use then bookkeeping entries for the year's depreciation are?
When a separate provision for depreciation account is in use, the bookkeeping entries for the year's depreciation involve debiting the depreciation expense account and crediting the provision for depreciation account. This reflects the expense incurred for the period while simultaneously increasing the accumulated depreciation on the asset. This method allows for clearer tracking of depreciation over time without directly reducing the asset's book value until it is disposed of.
What type of depreciation method does the company probably use for income tax purposes?
Straight line method.
Which depreciation method does not use residual value in calculating the first years depreciation expense?
Declining-Balance
What is the amount of depreciation using the double declinging method for the second year of use for equipment costing 9000 with an estimated residual value of 600 and as estimated life of three year?
Depreciation for 1st year = 6000 Depreciation for 2nd year = 2000 Depreciation for 3rd year = 400
What depreciation method does target use?
the straight line method
Which method of depreciation would you use if you were to receive a bonus which is based on net profit?
which method of depreciation to use when bonus is received that is based on net profit
Define depreciation Why it is calculated and what are the different approaches to calculate the depreciation?
AnswerDepreciation measures the decline in the useful economic value of an asset due to use or obsolescence. It can be calculated using the straight line method, sum-of-digits method, double-declining method, unit-of-production method.*****ShaeBest
What method of depreciation does Target Corp use on their financial statements?
According to their annual report, Target generally uses the accelerated depreciation method.
What depreciation method does wal-mart use?
Straight line
When a separate provision for depreciation account is in use then bookkeeping entries for the year's depreciation are?
When a separate provision for depreciation account is in use, the bookkeeping entries for the year's depreciation involve debiting the depreciation expense account and crediting the provision for depreciation account. This reflects the expense incurred for the period while simultaneously increasing the accumulated depreciation on the asset. This method allows for clearer tracking of depreciation over time without directly reducing the asset's book value until it is disposed of.
How to calculate actual cash value?
Actual cash value (ACV) is calculated by determining the replacement cost of an item and then deducting depreciation based on its age, condition, and other factors. The formula for ACV is Replacement Cost - Depreciation. To calculate depreciation, you can use methods such as straight-line depreciation or the declining balance method. It's important to consider all relevant factors to accurately determine the actual cash value of an item.
What type of depreciation method does the company probably use for income tax purposes?
Straight line method.
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.
What depreciation method is use least?
The least commonly used depreciation method is the sum-of-the-years'-digits (SYD) method. This method accelerates depreciation more than straight-line but less than double declining balance, making it less appealing for many businesses that prefer simpler or more aggressive methods. Its complexity and the fact that many assets do not experience significant depreciation in earlier years contribute to its infrequent use.
