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Depreciation
Depreciation formula
What are the 3 depreciation methods? Your intermediate accounting textbook discusses a few different methods of depreciation. Three are based on time ...
Depreciation of fixed assets
What are the 3 methods of depreciation? Your intermediate accounting textbook discusses a few different methods of depreciation. Three are based on ti...
How to calculate depreciation
What is the formula of depreciation? Straight Line Depreciation Method = (Cost of an Asset – Residual Value)/Useful life of an Asset. Unit of Product ...
Double declining balance method
What is the formula for declining balance depreciation? Asset Life = 5 years. Hence, the straight line depreciation rate = 1/5 = 20% per year. Depreci...
Accumulated depreciation
Is accumulated depreciation an asset? The accumulated depreciation account is a contra asset account on a company's balance sheet, meaning it has a cr...
Depreciation exercises and answers
What are the 3 depreciation methods? Your intermediate accounting textbook discusses a few different methods of depreciation. Three are based on time ...
The units-of-activity method is generally not suitable for
What is the units of activity method? Units-of-activity is a depreciation method in which useful life is expressed in terms of the total units of prod...
The declining-balance method of depreciation produces
What is the declining balance method of depreciation? In accounting, the declining balance method is an accelerated depreciation system of recording l...
Units-of-activity is an appropriate depreciation method to use when
What is units-of-activity depreciation method? Under the units-of-activity method of depreciation, the asset's cost (less any salvage value) is alloca...
The depreciation method that applies a constant percentage
What is constant percentage method of depreciation? Declining Balance Method is sometimes called the Constant-Percentage Method or the Matheson formul...
Which of the following methods of computing depreciation is production based?
Which method of computing depreciation is production based? The unit of production method is a method of calculating the depreciation of the value of ...
Which method is used to compute depletion?
Why is the units of production method most often used to calculate depletion? The unit of production method for calculating depreciation considers an ...