Describe Written down Value method
Briefly describe Written down Value (or Reducing Balance) method to compute depreciation?
Expert
In Written down Value Method , the rate of depreciation is determined. This is completed by deducting the amount of depreciation charged ere from the balance of cost of asset (or Cost of Asset Estimated Scrap Value). In easy terms, in the initial year the amount of depreciation charged is high and it slowly starts declining throughout the following years.
Give a brief introduction of the term ‘Weighted Average Method’?
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Briefly describe the term Net Profit?
Give a brief introduction of the term Danger level of inventory levels?
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The following information is taken from the financial statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had a cost of $400,000
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