Describe annuity method of calculating depreciation
Briefly describe annuity method of calculating depreciation?
Expert
Under this method, the purchase of an asset is considered an investment of capital on that an assured rate of interest is earned. Cost of the asset and the interest are written down annually by equivalent installments till the book value of the asset is decreased to zero. The annual charge by method of depreciation is found out from the allowance tables. The annual charge for depreciation will be credited to asset account as well as debited to depreciation account while the interest will be debited to asset account and credited to interest account. The drawback of this method is that it is a problematical method to accusation depreciation. Secondly, the yoke on Profit and Loss account goes on rising with the passageway of time and the amount of interest goes on losing ground as years pass by. Therefore this method is best suited to those assets that need considerable investment and do not necessitate repeated additions.
I have reviewed the questions within the assignment and I am confused on how to read the financial statement (maybe because we did not cover this information within the class.) I understand the basics of financial statements and I understand the terms used within the questions, but I am not sure I a
Briefly describe the term ‘Indirect Monetary compensation’?
Give a brief introduction of the term ‘Convention of Consistency’?
Briefly describe the sinking fund method of calculating depreciation?
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
As per schedule XIV of Companies Act, 1956 how are the fixed assets classified to evaluate the depreciation?
Make a distinction between Stores Ledger and Bin Card?
Briefly explain the ethical decision you had to make?
Give a brief introduction of the term Danger level of inventory levels?
Briefly describe joint factor rate method of computing depreciation?
18,76,764
1942887 Asked
3,689
Active Tutors
1417022
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!