Depreciation

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Topics

Anterior

1. Balance day adjustments
2. The accounting period
3. Recording prepaid and accrued revenue and expenses in the general journal and ledger
4. Accrued expenses
5. Accrued revenue
6. Prepaid revenue
7. Depreciation
8. Cost of the asset
9. Life of the asset and the residual value
10. Nature of use
11. Case study - Depreciation
12. Asset register
13. Accounting time lines
14. The accounting equation
15. The Accounting Equation
16. Bad and Doubtful Debts
17. Case Study 1 – Depreciation

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• Apuntes

  Diploma in Business Management & Entrepreneurship - Depreciation
• Revisión por tema
  Turkey 0 0 09 abril 2017

  

  BabaJide Martins F.

  Decrease in value due to wear and tear, decay, decline in price. Accumulated depreciation must be deducted and posted to balance sheet.

  South Africa 0 0 09 abril 2017

  

  Morne V.

  'Accumulated depreciation' account, which is posted to the Balance sheet as a deduction from the relevant non-current asset.

  Nigeria 0 0 09 abril 2017

  

  Sunday O.

  Depreciation

  Uganda 0 0 09 abril 2017

  

  Odongo M.

  Accounting -> Depreciation Depreciation Depreciation is defined as the allocation of the cost of a non-current asset over the economic life of that asset. It is charged at the end of each accounting period. At the end of each accounting period depreciation accumulates and it is the 'Accumulated depreciation' account, which is posted to the Balance sheet as a deduction from the relevant non-current asset. When preparing to tackle the question, the following points must be ascertained: the cost of the asset the life of the asset the nature of use, revenue pattern the residual value of the asset

  Uganda 0 0 08 abril 2017

  

  Saul K.

  can buildings depprecite?

  Nepal 0 0 08 abril 2017

  

  Manish K.

  chapter is clearly understood. Depreciation is deducted from non-current assets to find out actual value of assets right now. Different methods are used to calculate depreciation.

  United States of America 0 0 08 abril 2017

  

  Penelope M.

  I see the value of the car which is at $13500, as soon as you drive the vehicle off the lot the value is gone down.

  Morocco 0 0 08 abril 2017

  

  Adil N.

  What does depreciation mean?

  United Arab Emirates 0 0 08 abril 2017

  

  Gloria N.

  Depreciation is defined as the allocation of the cost of a non-current asset over the economic life of that asset.

  Thailand 0 0 08 abril 2017

  

  Epie E.

  Assets are depriciated based on theirs cost,function(nature of its use) to farch revenue.And we deduct accumulated depreciation from non current assets to get the true value of the asset in question.
• Text Version

  Diploma in Business Management & Entrepreneurship - Depreciation

  Accounting - Depreciation
  
  Depreciation
  
  Interactive SWF
  
  Depreciation must ascertain
  
  cost of asset
  
  life of asset
  
  nature of use, revebue pattern
  
  residual value of asset
  
  Depreciation is defined as the allocation of the cost of a non-current
  asset over the economic life of that asset. It is charged at the end of
  each accounting period. At the end of each accounting period depreciation
  accumulates and it is the 'Accumulated depreciation' account, which is
  posted to the Balance sheet as a deduction from the relevant non-current
  asset.
  
  When preparing to tackle the question, the following points must be
  ascertained:
  
  * the cost of the asset
  
  * the life of the asset
  
  * the nature of use, revenue pattern
  
  * the residual value of the asset
  
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