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Accumulated depreciation and depreciation expense?
Using accumulated depreciation and depreciation expense is a way that businesses can realize the true value of assets. A piece of equipment, for example, is devalued every year by the process of amortizing the asset. This in turn is recorded as depreciation and depreciation expense.
What are the differences between straight line depreciation and double declining depreciation methods?
The main difference between straight line depreciation and double declining depreciation methods is the way they allocate the cost of an asset over its useful life. Straight line depreciation spreads the cost evenly over the asset's life, while double declining depreciation front-loads the depreciation expense, resulting in higher depreciation in the early years and lower depreciation in later years.
Who is the Fund Manager of HDFC Prudence Fund?
Mr. Prashant Jain has been the fund manager of this fund since June 19th 2003. He is one of the most respected fund managers in the Mutual Fund Industry in India. He is also the Fund Manager for some other funds from the HDFC Mutual Fund Family that have been considered the Industry's top performers. Some of the top performing funds he manages are: 1. HDFC Top 200 Fund 2. HDFC Equity Fund 3. HDFC Infrastructure Fund
What are the basic method of depreciation?
http://en.wikipedia.org/wiki/Depreciation#Straight-line_depreciation
What is the normal balance of accumulated depreciation?
the normal balance of accumulated depreciation is "credit"
What is depreciation reserve fund?
Accumulated depreciation which is not shown in income and expenditure account as expenditure and the same is included in the net profit and shown separately as depreciation reserved fund while adding it in the capital fund.
Sinking fund method for depreciation?
Sinking fund method for depreciation The straight line method has equal annual depreciation for every year. There are other methods which has more depreciation allocated to the earlier years like Written-Down Value (WDV) method in which depreciation is charged at fixed rate (%) on the reducing balance (i.e. cost less depreciation) every year. The sinking fund method allocates more depreciation to the later years. The depreciation for the first year equals the annual deposit needed for a sinking fund to accumulate at the given rate to an amount that equals the depreciation base. For each consecutive year, the annual depreciation equals the annual sinking fund deposit plus the interest earned on the fund up to that year.
What is reserve depreciation?
Accumulated depreciation which is not shown in income and expenditure account as expenditure and the same is included in the net profit and shown separately as depreciation reserved fund while adding it in the capital fund.
Is it necessary to provide depreciation in the business running in loses?
it is necessary to provide depreciation even business is running in loses or in profit because depreciation provides fund for future and remove the burden of fund for purchasing new machinery when old machinery are broken down.
Why depreciation and amortization are treated as non cash items?
Depreciation an amortization are treated as non cash items because the actual amount of depreciation can not be known in cash terms..the depreciation does not lead to any inflow ore outflow of cash ....the amounbt of depreciation is jst deducted frm the actual value of the asset
What fund would a township report depreciation a. General fund b. Special Revenue c. Capital Projects d.Internal Service?
general fund
How should depreciation be treated in budget preparation by a nonprofit corporation?
How should depreciation be handled in a non profit budget?
Definition of sinking fund method?
Sinking fund method is a method of depreciation if a large sum of money is required for replacement of an asset at the end of its effective life it may not be advisable to leave in the amount of depreciation set apart annually, for it may or may not be available in the form of the readily realisable assets to the concern at the time it is required. To safegaurd this position the amount annually provided for depreciation may be placed to the credit of the sinking fund account
Is Section 179 deduction treated as an expense item?
It is depreciation. Depreciation, or cost recovery, is a method of taking the cost of an item as an expense over its usefull life.
Why should depreciaon be treated as expense?
Depreciation should be treated as expense because the worth of the asset like machinery and building goes down as time goes by. This reduction in the amount cannot be collected by anyone and cannot be claimed. The company only has to bear this amount. Because of this depreciation is treated as an expense.
Why should depreciation be treated as expense?
Depreciation is a portion of fixed asset charged to income statement due to wear and tear of assets during use in business in fiscal year that's why that wear and tear is accounted for by using depreciation.
What should be the depreciation rate on neon sign boards?
it should be 15 percent treated as tools and equipments
