Rajustements pour les éléments reportés - Amortissement
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Rajustements pour les éléments reportés - Amortissement

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  • Notes d'étude
  • Révisions du sujet
    Kangira J.
    UG
    Kangira J.

    What are the procedures before adjusting deferred items - depreciation?

    Michaela Umu L.
    SL
    Michaela Umu L.

    Deferrals are type of adjusting entries can pertain to both expenses and asset account prepaid insurance to the income statement account and insurance expenses.

    Michaela Umu L.
    SL
    Michaela Umu L.

    What is an accrual entry?

    Michaela Umu L.
    SL
    Michaela Umu L.

    what is an accrual adjustment?

    Blessing W.
    GB
    Blessing W.

    If for eg, a company purchased an equipment costing £80,000 and it has a useful life of 5years with estimated salvage value £14,000. Depreciation is calculated using a straight line method. The adjusting entries for the company would be; Dr depreciation expense with £1,100 and Cr Accumulated depreciation expense with 1,100. (£80,000- £ 14,000) +( 5 * 12) = £1, 100.

    Khalil yahye M.
    SO
    Khalil yahye M.

    can we make this busnes by somal

    Ajogu A.
    NG
    Ajogu A.

    HOW/WHEN DO ITEMS DEPRECIATE IN BUSINESS?

    Thibaut achille T.
    CI
    Thibaut achille T.

    Adjustments for items not affecting net cost of operations but affecting appropriations.give me your opinion.

    Rose R.
    PG
    Rose R.

    when a company purchases equipment to be used in the business. Let's assume that the equipment is acquired, paid for, and put into service on May 1. However, the equipment is expected to be used for ten years. If the cost of the equipment is $120,000 and will have no salvage value, then each month's income statement needs to report $1,000 for 120 months in order to report depreciation expense under the straight-line method. A bookkeeper or accountant must review the situations and then determine the amounts needed in each adjusting entry.

    Chizeye N.
    AU
    Chizeye N.

    Is everyone missing page 7 {blank} or i should'nt worry about it?

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