Various methods for calculating depreciation
Mention out various methods for calculating depreciation?
Expert
Methods for calculating depreciation are illustrated below: i) Production Unit Method
ii) Straight Line Method
iii) Written Down Value (or Reducing Balance) Method
iv) Method Joint Factor Rate Method
v) Production Hour
vi) Renewal Method
vii) Revaluation Method
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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