Describe renewal method to calculate depreciation
Briefly describe renewal method to calculate depreciation?
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Within this method the full cost of the asset is charged as depreciation throughout the period in that the asset is renewed. No depreciation is charged in among the period. This method can be employed if the asset is of small value and is renewed regularly.
In what manner Revenue Expenditure affect the profitability statement in a period?
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Briefly explain the general purpose of statement of comprehensive income. As well, explain briefly the terms expenses and income as stated by the Conceptual Framework for the Financial Reporting (IASB, 2010).
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Write down the merits and drawbacks of credit rating?
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Give a brief introduction of the term Capital Expenditure?
Give a brief introduction of the term Fixation of inventory levels?
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