Comments for Online Free Accounting

Comment on Straight line method of depreciation by rukaya abubakari

rukaya abubakari — Wed, 04 Aug 2010 10:06:29 +0000

i want messages of dat topic

Comment on Reducing balance method by Roy

Roy — Thu, 08 Jul 2010 15:00:43 +0000

Hi,
I’m honored to discuss this problem with you.
Firstly, we must reserach the formula of reducing balance method.

According your questions, here:
N = 3
R = 4096
C = 8000
So, the rate of reducing balance method is:

Dp = (1 – 0.8)*100% = 20%
Please note that this method results in higher depreciation charges in earlier years.

Good luck~!

Comment on Reducing balance method by Suman

Suman — Mon, 05 Jul 2010 05:31:08 +0000

Hi,
Can you please solve for me this practical problem? the problem provides that a Plant is purchased at a cost of 8000 USD, after 3 years of it’s working, the value of asset reduced to 4096 USD, if depreciation is charged under reducing balance method, what will be the rate of depreciation?
I shall be thankful if you provide me the solution.

Comment on Trial balance by Roy

Roy — Fri, 02 Jul 2010 07:36:51 +0000

Hope it can give you some help. :)

Comment on Trial balance by Ghulam

Ghulam — Thu, 01 Jul 2010 08:06:10 +0000

find good