What is depreciation, residual value and useful life? Describe at least 2 depreciation methods allowed under IFRS

Q: Name and briefly explain four methods of depreciation.

A: Their are different types of Deprecation method to determine book value of the asset at the end of…

Q: How to find rate of depreciation

A: Every fixed asset loses out its value over the period of time. Depreciation is being charged on cost…

Q: What type of depreciation expense pattern is used under eachof the following methods and when is its…

A: or

Q: What are two major types of depreciation?

A: In general terms, depreciation is a decline in the value of long-term tangible assets. In…

Q: What are the three depreciation methods ?  Define each. Thank you !

A: Three methods of depreciation are as follow: Straight line method Double declining balance method…

Q: Which of the following depreciation methods will result in the most depreciation expense over the…

A: Depreciation is method to allocate the cost of the Assets over its useful life

Q: Define Retirement and replacement depreciation methods.

A: Depreciation means decline in the estimation of benefit inside its valuable life because of mileage…

Q: State any three difference between straight line depreciation and written down value method?

A: Depreciation is the term which assign the cost of the physical asset to its expected or useful life…

Q: a) Explain the similarities and differences among depreciation, depletion, and amortization.

A: a)

Q: There are three different life (recovery period) values associated with a depreciable asset.…

A: Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset due to its…

Q: A general description of the depreciation methods applicable to major classes of depreciable assets?

A: Depreciation is the allocation of cost of the asset over the useful life of the asset. Depreciation…

Q: Discuss the factors that influence the estimation of service life for a depreciable asset.

A: Fixed asset:It refers to the long-term assets having a useful life of more than a year which is,…

Q: The cost of an asset that is subject to depreciation os called?

A: Assets: Assets are those resources that are owned by the business organization which has an economic…

Q: What is the appropriate depreciation time for a new long-lived asset added to an existing one?…

A: Depreciation refers to the concept of evaluating the decrease in the value of an asset that occurs…

Q: Describe the diff erent depreciation methods for property, plant, and equipment and theeff ects of…

A: Depreciation: It is a concept that is used to measure the reduction in the usefulness of fixed…

Q: The depreciable amount is also called the _________________. Select one alternative: carrying…

A: Depreciable amount is the cost of an asset minus its residual value.

Q: Define Partial Period Depreciation.

A: Partial period depreciation:

Q: Briefly differentiate between the straight-line depreciation method and accelerated depreciation…

A: Depreciation: The depreciation is the expense which is debited to the income statement in the ratio…

Q: What are some recommendations to the pronouncements on depreciation?

A: Depreciation refers to the decrease in the value of a fixed asset over time due to wear and tear,…

Q: Define each of the following terms:d. Depreciation; amortization; EBITDA

A: The formula to compute EBITDA as follows:

Q: Define the following: (a) Depreciation (b) Book value

A: Asset refers to the resources kept by the businesses to be utilized in the operations. Assets are…

Q: List 3 common intangible assets.  How is the life determined that is to be used to compute…

A: Three common intangible assets are : 1. Goodwill: It is the premium amount that is valued based on…

Q: In what circumstances should the units-of-activity depreciation method be used?

A: INTRODUCTION: Fixed assets are long-term tangible assets utilized by businesses to generate profits.…

Q: Different methods are applied based on the type of asset and usage, or based on the different…

A: Depreciation is a gradual decrease in value of asset due to reason of normal wear, tear and…

Q: In all cases, net property, plant and equipment (PP&E) should be calculated as the gross PP&E less…

A: Solution: Gross PP &E  = Cost of purchase of PPE Accumulated depreciation = Depreciation…

Q: Which of the following best describes a depreciation base? The acquisition cost of an asset relative…

A: The deprecitation is a type of non-monetary expense for the company as it does not include any cash…

Q: Distinguish between declining balance method of depreciation and double declining balance method of…

A: Depreciation is the reduction in the value of asset over its useful life due to reasons such as…