A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year. Depreciation
Answer: modified half-year convention
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A method that recognizes one half of a year's depreciation in the year of acquisition.
A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.
If original cost of an asset is Rs. 10,000, rate of depreciation 10 % p.a. then the value of depreciation under diminishing balance method after third year will be: 2016
Under straight line method if the cost of asset is 45000 and scrap value is 5000 anduseful life is 10 year, then the amount of depreciation will be:
Find the amount of depreciation chargeable under the straight line method for the second year if amount for first year is $4,000
Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?
A motorcycle which costs RM12,000 is expected to have useful life of 7 years and a scrap value of RM3,000. Calculate the accumulated depreciation of the motorcycle at the end of 4th year using the straight line method.
What will be the amount of depreciation of plant for fifth year as per straight line method when original cost of plant $1,000,000; Salvage value $40,000 , Expected useful life 10 years?
Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.
Which of these produces higher amounts of depreciation expense in the early years of the life of an asset?
Depreciation methods should _________ change from year to year.
Annual depreciation may or may not be equal from year to year.
Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the equation that models this problem?
Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the answer?
Depreciation on the diminishing balance method of Rs. 2000 at the rate of 10% p.a after three years will be: 2015
Depreciation of an asset should not exceed the: 2015
Depreciation in the value of asset is -
The original cost of a plant asset minus accumulated depreciation.
Calculating the estimated annual depreciation expense based on the amount of production expected from a plant asset.
The total amount of depreciation expense that has been recorded since the purchase of a plant asset is called