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Units of production
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∙ 14y ago
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Which type of depreciation is not based on passage of time?
External depreciation is not based on the passage of time. A property depreciates due to external forces that can not be controlled by the owner.
What type of cost is depreciation?
An expense
Do a calculation on depreciation?
Your question in it self is not complete. You need to specify what type of depreciation u are talking about is it floating or fixed or annualised.
The type of account and normal balance of accumulated depreciation is?
contra asset account, credit balance
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
Which type of depreciation is not based on passage of time?
External depreciation is not based on the passage of time. A property depreciates due to external forces that can not be controlled by the owner.
What type of cost is depreciation?
An expense
Which type of depreciation method accelerates depreciation in the early years of an asset life?
Straight line
What type of account is depreciation account?
Nominal A/c
What is non-recoverable depreciation?
Non-Recoverable depreciation is depreciation that is not recoverable, that is the obvious answer. In most states a standard Replacement Cost Policy will pay an insured for the replacement cost minus deprecation. As long as you replace the item within a specified amount of time which is typically anywhere from 90 days to a year, you will be able to recover the amount that was depreciated. In a Actual Cash Value type policy this depreciation is NOT recoverable. It is very important to know what type of policy you have before you need it!
Do a calculation on depreciation?
Your question in it self is not complete. You need to specify what type of depreciation u are talking about is it floating or fixed or annualised.
What type of account is accumulated depreciation and how is it reported in the financial statements?
Accumulated depreciation is a contra-asset account and show in the asset section of the Balance Sheet. It is called contra-asset account because contrary to any asset account Acc. Dep. is a credit type of account. The offset of Accumulated depreciation is to Debit the expense account Depreciation.
How many depreciation methods used in South Africa?
Type your answer here... Two
What type of depreciation system does Boeing company use?
Straight line method
What tern includes item such as car license fees and depreciation?
Terns are a type of seabird.
The type of account and normal balance of accumulated depreciation is?
contra asset account, credit balance
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
