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What office has more direct contact with the people of Illinois than any other executive office?
The Governor's office in Illinois has more direct contact with the people than any other executive office. The Governor is responsible for leading the state government, making policy decisions, and representing the state to its citizens.
What is the full form of EQAO?
The full form of EQAO stands for Education Quality and Accountability Office. EQAO is an independent agency in Ontario, Canada, that conducts province-wide tests to assess student achievement in literacy and numeracy.
How a company can manipulate its net income by estimating the longer estimated useful life and salvage value of the fixed assets?
Useful Life • Useful Life or Economic Life is the time period for machine is expected to operate efficiently. • It is the life for which a machine is estimated to provide more benefit than the cost to run it. Grouping of Fixed Assets Major groups of Fixed Assets: • Land • Building • Plant and Machinery • Furniture and Fixtures • Office Equipment • Vehicles No depreciation is charged for 'Land'. In case of 'Leased Asset/Lease Hold Land' the amount paid for it is charged over the life of the lease and is called Amortization. Methods of calculating Depreciation There are several methods for calculating depreciation. At this stage, we will discuss only two of them namely: • Straight line method or Original cost method or Fixed installment method • Reducing balance method or Diminishing balance method or written down method.Straight Line Method Under this method, a fixed amount is calculated by a formula. That fixed amount is charged every year irrespective of the written down value of the asset. The formula for calculating the depreciation is givenbelow: Depreciation = (cost - Residual value) / Expected useful life of the asset Residual value is the cost of the asset after the expiry of its useful life. Under this method, at the expiry of asset's useful life, its written down value will become zero. Consider the following example:• Cost of the Asset = Rs.100,000 • Life of the Asset = 5 years • Annual Depreciation = 20 % of cost or Rs.20,000Written down value method • Cost of the Asset = Rs. 100,000 • Annual Depreciation = 20% ? Year 1 Depreciation = 20 % of 100,000 = 20,000 ? Year 1 WDV = 100,000 - 20,000 = 80,000 ? Year 2 Depreciation = 20 % of 80,000 = 16,000 ? Year 2 WDV = 80,000 - 16,000 = 64,000 Illustration: Cost of an asset: Rs. 120,000 Residual value: Rs. 20,000 Expected life: Rs. 5 years Financial Statement Analysis-FIN621 VUCopyright© Virtual University of Pakistan 82 Calculate depreciation and the written down value of the asset for five years. Solution Straight line methodDepreciation = (120,000 - 20,000) / 5 = Rs. 20,000Particulars Depreciation (Rs) WrittenDown Value (Rs.) Depreciable costDep. Of the 1st year Dep. Of the 2nd year Dep. Of the 3rdyear Dep. Of the 4th year Dep. Of the 5th year (20,000) (20,000)(20,000) (20,000) (20,000) 100,00080,000 60,000 40,000 20,000 0Reducing Balance Method Under this method, depreciation is calculated on written down value. In the first year, depreciation is calculated on cost. Afterwards written down value is calculated by deducting accumulated depreciationfrom the cost of that asset(cost - accumulated depreciation) and depreciation is charged on that value. In this method, the value of asset never becomes zero. Consider the following example: Cost of an asset Rs. 100,000 Expected life Rs. 5 years Depreciation rate 20% SolutionParticulars Depreciation (Rs) AccumulatedDepreciation (Rs.) Written DownValue (Rs.) Depreciable cost Dep. Of the 1st year 100,000 x 20% Dep. Of the 2nd year 80,000 x 20% Dep. Of the 3rd year 64,000 x 20% Dep. Of the 4th year 51,200 x 20% Dep. Of the 5th year 40,960 x 20% 20,00016,000 12,800 10,240 8,19220,000 36,000 48,800 59,04067,232 100,000 80,000 64,00051,200 40,960 32,768 You see, at the end of five years, WDV of the asset is Rs. 32,768, not zero. But in case of straight line method, the WDV, after five years was zero. So, in the opinion of some people, reducing balance
What is principal of the school in possessive nouns?
The possessive form is the school's principal.
What office enforces fiscal policy?
In the United States, the office that enforces fiscal policy is the Department of the Treasury, specifically through agencies such as the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). The Treasury also works closely with the Federal Reserve to implement and oversee fiscal policy.
Why is office furniture depreciated using straight line method?
It is always recommeded to contact your accountant or financial adviser concerning the depreciation of office furniture. IRS guidelines can vary over time and to get the maximimum benefit it is best to contact a professional.
Where online can you purchase used office furniture in NJ?
One can purchase used office furniture in New Jersey at Office Liquidators and Office Furniture Outlet. Furniture Resellers, Glenwood Office Furniture, and Cooper's Office Furniture are also all stores that one can find online to order and purchase used office furniture products.
Does Office Depot offer used office furniture?
Office Depot sells new office furniture but does not sell used office furniture at officedepot.com. Used office furniture is offered at other dealers such as arnoldsofficefurniture.com.
Used Office Furniture?
form_title=Used Office Furniture form_header= Purchase used office furniture under your budget. What is your budget for office furniture?*= _ [50] What furniture do you need?*= _ [50] Do you want to sell any old furniture?*= () Yes () No
Where can we found wood office furniture about in Columbus?
Miller's furniture has office furniture in that area. If you are into antique furniture there is also old wood market that could possibly have office furniture.
What is office ergonomics?
It is an office that uses ergonomic equipments/products/furniture. Ergonomic furniture are made based on scientific method and study to promote health and safety of the user by preventing or minimizing the chances of muscle stress and strains at work.
What is office furniture direct?
Office Furniture Direct" could refer to a company that specializes in selling office furniture directly to customers, typically bypassing intermediaries like retailers or wholesalers. These companies often operate online, allowing customers to browse through their catalogue of office furniture and make purchases directly from their website. They might offer a wide range of products including desks, chairs, cabinets, and other office essentials. like a company located in Dubai , industrial Area 4 called (High Moon Office Furniture)
Does OfficeMax sell home office furniture?
Yes, OfficeMax does have a wide selection of home office furniture. You can check out the selection online at http://www.officemax.com/office-furniture/home-small-office-furniture-collections.
Where can I rent office furniture?
You can rent office furniture at CORT Furniture Rental. You'll find popular brands of furniture for your office at reasonable prices. They carry furniture in different styles to suit any taste.
What companies offer second hand office furniture for sale?
Barkham Office Furniture claims to offer the widest selection of second hand office furniture in the UK, featuring various furniture brands and quality services. Whereas Conklin Office Furniture would seem to be the leading second hand office furniture retailer in the US.
Where can someone find discount office furniture in Houston?
You can find discount office furniture in Houston at My Office First, Houston Cubicles, OMI Plus, Arnold Office Furniture, Affordable Furniture, Carrolls Discount and many others.
Can a written off asset be use again?
Yes. A fully depreciated asset, such as a machine or a piece of office furniture, might remain in service. An older piece of equipment normally has higher maintenance costs which represent the cost of that machine in the periods after write-off.
