Accounting for Disposals
Fixed assets may be sold anytime during their useful life. This gives …
Fixed Assets
Sum of the years’ digits | Depreciation Method
Definition Sum of the years’ digits depreciation method involves calculating depreciation based on the sum …
Units of Production Depreciation Method
Units of Production Depreciation Method, also known as Units of Activity and …
Declining Balance Depreciation Method
Reducing Balance Method charges depreciation at a higher rate in the earlier …
Straight Line Depreciation Method
Explanation Straight line depreciation method charges cost evenly throughout the useful life …
Depreciation Methods
Cost of a fixed asset must be charged to the income statement …
Accounting Treatment of Depreciation
Depreciation is systematic allocation the cost of a fixed asset over its …
Capital and Revenue Expenditure
Expenditure on fixed assets may be classified into Capital Expenditure and Revenue Expenditure. The distinction between …
Fixed Assets
Definition and Explanation Fixed assets, also known as Property, Plant and Equipment, …