A method that recognizes one half of a year's depreciation in the year of acquisition. Depreciation

  • personal property
  • straight-line-depreciation
  • modified half-year convention
  • half-year convention
Answer: half-year convention
530 students attemted this question.

Explanation

No Explanation Available.

Share this question with friends

Similar Questions

  1. A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.

  2. A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.

  3. 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

  4. Find the amount of depreciation chargeable under the straight line method for the second year if amount for first year is $4,000

  5. Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?

  6. 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.

  7. 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?

  8. Depreciation methods should _________ change from year to year.

  9. Annual depreciation may or may not be equal from year to year.

  10. 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?

  11. 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?

  12. 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:

  13. Depreciation on the diminishing balance method of Rs. 2000 at the rate of 10% p.a after three years will be: 2015

  14. Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.

  15. Which of these produces higher amounts of depreciation expense in the early years of the life of an asset?

  16. In straight line method, depreciation is calculated on: 2018

  17. S=RM2,000C=RM25,000n=6 yearsFind the annual rate of depreciation using the reducing balance method.

  18. Depreciation under fixed instalment method is calculated-

  19. A depreciation method required by the Internal Revenue Service to be used for income tax calculation purposes for most plant assets.

  20. The price of a van is RM120,000. The van is expected to have useful life of 15 years and a scrap value of RM6,000. Calculate the book value of the van at the end of 10th year using the straight line method.

Comments

Add Your Review

Your email address will not be published.

Subscribe to Newsletter!

Subscribe to get latest updates and information.