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

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    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Depreciation as defined. It means decrease in value due to wear and tear, decay, decline in price.

    Alice B.
    GQ
    Alice B.

    Please I need the meaning of straight line as used in accounting.

    Morne V.
    ZA
    Morne V.

    IT true depreciation should be charge against those two vehicles

    Sunday O.
    NG
    Sunday O.

    Depreciation bring back return

    Odongo M.
    UG
    Odongo M.

    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.
    NP
    Manish K.

    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.
    KE
    MARY RITA J.

    explain how 6 and 3 come along

    Emmanuel A.
    GH
    Emmanuel A.

    yeah

    Penelope M.
    US
    Penelope M.

    you have to spend money to make money, will always be my moto!1

    Adil N.
    MA
    Adil N.

    What is an example of depreciation?

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