Introduction of the term depreciation
Provide a brief introduction of the term depreciation? Write down the causes of depreciation?
Expert
Depreciation is an everlasting, steady and continuous diminution in the book value of the fixed asset. Except Land all the fixed assets such as Machinery, Car, Furniture and so forth depreciates in value making the asset useless subsequent to the end of a certain time. Subsequent are the reasons of Depreciation:
i) Wear and Tear because of regular employe of the asset.
ii) Deterioration takes place with the passage of time, whether the asset is in employ or not.
iii) Damages done to the assets due to a disaster like mishandling, fire and so on.
iv) Reduction of Asset.
v) Obsolescence that is, because of latest technology in employ, latest inventions, innovations and so on.
Mention out various methods for calculating depreciation?
Briefly describe the term ‘Indirect Monetary compensation’?
Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Lab
Give a small introduction of the term ‘Rewan Premium System’?
Briefly describe the term labor turnover, its Effects and cost?
Describe briefly the computation of the present value?
Premium on redemption & period of conversion for debentures who decides the amount?
Describe briefly the term Adjustment entries?
Give a small introduction of the term ‘Hasley Premium Method’?
Give a brief introduction of the term Floating rate bonds?
18,76,764
1945533 Asked
3,689
Active Tutors
1419879
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!