Balance day adjustments in the general journal and ledger - Depreciation Example | en - 262 - 25026
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Balance day adjustments in the general journal and ledger

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# Depreciation Example

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• Discuss This Topic
 BabaJide Martins F. 0 0 Depreciation as defined. It means decrease in value due to wear and tear, decay, decline in price.
 Alice B. 0 0 Please I need the meaning of straight line as used in accounting.
 Morne V. 0 0 IT true depreciation should be charge against those two vehicles
 Sunday O. 0 0 Depreciation bring back return
 Odongo M. 0 0 Accounting -> Depreciation Example Example At 1 January vehicles have a balance of \$90 000. On 1 April a further vehicle is bought for \$10 000. The vehicles are to be depreciated at 15 percent per annum, straight line. The accounting period ends on 30 June. Calculation: \$90 000 x 15/100 x 6/12 = \$ 6750 \$10 000 x 15/100 x 3/12 = \$375 Total depreciation = \$7125
 Manish K. 0 0 WE can find out calculations of two vehicles for 6 months and 3 months respectively; depreciation of both vehicles was 7125 dollars which should be shown as selling expenses in P/L account and net asset after deducting depreciation should be shown in balance sheet.
 MARY RITA J. 0 0 explain how 6 and 3 come along
 Emmanuel A. 0 0 yeah
 Penelope M. 0 0 you have to spend money to make money, will always be my moto!1
 Adil N. 0 0 What is an example of depreciation?
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