For some of the fixed assets of a business, the balance in Accumulated Depreciation is equal to the cost of the asset. (a) Is it permissible torecord additional depreciation on the assets if they are still useful to the business? Explain. (b) When should an entry be made to remove thecost and the accumulated depreciation from the accounts?

What does the word depreciation means to a business or individual and what are the various types of depreciation methods?

Sometimes, for the fixed assets of certain businesses, the balance in Accumulated Depreciation is equal to the cost of the asset. a. Can one record additional depreciation on the assets if the assets are still useful to the business? b. Why? Explain: c. Also, when can such a business make an entry to remove the cost and accumulated depreciation of the fixed assets from the account?

Is it neccessary  for a business to use the same method of computing depriciation  for all classes of its depriciable assets?

9. For some of the fixed assets of a business, the balance in Accumulated Depreciation is equal to the cost of the asset. (a) Is it permissible to record additional depreciation on the assets if they are still useful to the business? Explain. (b) When should an entry be made to remove the cost and the accumulated depreciation from the accounts?

How did taking depreciation expenses help the client in the business manage their assets?

What type of account is "Accumulated Depreciation"? a) Expense b) Contra asset c) Liability d) Revenue

name two situations in which a business can take a depreciation expense.