What is the other name for straight-line depreciation?
The other name for the straight-line method of depreciation is the fixed instalment method of depreciation. Also read: True and... View Article
Latest Posts
What is the difference between the straight-line method and the written down value method?
In the straight-line method of calculating depreciation, a fixed amount is depreciated in every accounting period, while in the written... View Article
What is obsolescence in accounting?
Obsolescence is referred to as the state of becoming obsolete. It is applied in the case of fixed assets in... View Article
What is salvage value?
Salvage value is referred to as the estimated value of an asset at the end of its useful life on... View Article
Goodwill can be depreciated
Goodwill is an intangible asset. For intangible assets, amortisation is used instead of depreciation. Also read: True and False Questions... View Article
Give some examples of depreciable assets
Some of the depreciable assets are: Land Vehicle Machinery Furniture Also read: True and False Questions on Depreciation What Is... View Article
What is an example of a depreciable asset?
Building is an example of a depreciable asset. Also read: True and False Questions on Depreciation What Is Depreciation MCQs... View Article
How is the written down value calculated?
Written down value method of calculating depreciation is Written Down Value Method = (Cost of Asset – Salvage Value of... View Article
What are the 3 depreciation methods?
The three methods of depreciation are: Straight Line Method Written Down Value Method Units of production method As per the... View Article
What are the advantages of depreciation?
Advantages of depreciation are: It helps in tax reduction Asset value can be written off completely It helps in valuation... View Article
What are the limitations of the written down value method?
Written down value method is also known as the reducing balance method. It has the following limitations. 1.The assets cannot... View Article
Why do companies use the straight line method?
Companies use the straight line method as it is easier to use and results in fewer errors over the life... View Article
Which is better: straight line or reducing balance method?
Straight line method is easier to use while the reducing balance method is comparatively more accurate but more complicated among... View Article
What are the limitations of the straight line method?
The straight line method has the following limitations: It does not consider the loss of interest received for the amount... View Article
What are the advantages of reducing the balance method?
The advantages of reducing the balance method or written down value method are as follows: Under this method of depreciation,... View Article
What are the advantages and disadvantages of depreciation?
Advantages and disadvantages of depreciation are as follows: Advantages of depreciation are: Asset value can be written off completely It... View Article
What are the advantages and limitations of the straight line method?
The advantages and limitations of the straight line method are as follows: Advantages of the straight line method: It is... View Article
What are the advantages and limitations of straight line and diminishing balance methods?
The following are the advantages of the Straight Line method: It is simple to understand and apply. Asset value can... View Article
What are the advantages of the straight line method?
The following are the advantages of the straight line method of calculating depreciation: It is simple to understand and apply.... View Article
Differentiated products is a characteristic of :
(a)Monopolistic competition only (b)Oligopoly only (c)Both monopolistic competition and oligopoly (d)Monopoly Answer: c. Both monopolistic competition and oligopoly In monopolistic... View Article
