Introduction To Bookkeeping: Depreciation
Bayani Gaba-gaba
A delivery van rolls out of the showroom worth $20,000. Five years later it is still doing its job, but nobody would pay $20,000 for it. Nothing broke, no single event happened, yet its value has quietly fallen every single year it has been used. Accounting has to capture that fall, spread it fairly across the years the van earns its keep, and record it properly in the ledger.
In this lesson you will learn what causes depreciation, how to calculate it using the straight line and reducing balance methods, how to record it in the ledger accounts, and how to calculate the profit or loss when a non-current asset is finally sold.
Manufura
- Explain the causes of depreciation
- Distinguish between straight line and reducing balance methods of depreciation
- Calculate and record depreciation in the books of account
- Calculate and record profit or loss of disposal of non-current assets
Takardar Darasi
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Nazarin Darasi
Barka da kammala darasi akan Introduction To Bookkeeping: Depreciation. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- Which of the following is an economic cause of depreciation? A) Wear and tear B) Obsolescence C) Rust D) Depletion Answer: B
- A machine costs $12,000 with a residual value of $2,000 and a 5 year useful life. What is the annual straight line depreciation charge? A) $2,000 B) $2,400 C) $2,500 D) $10,000 Answer: A
- Equipment costing $8,000 is depreciated at 25% reducing balance. What is the depreciation charge for year 2? A) $2,000 B) $1,500 C) $2,500 D) $1,000 Answer: B
- On disposal of a non-current asset, which two figures are transferred into the disposal account before the sale proceeds? A) Cost and revenue B) Cost and provision for depreciation C) Provision for depreciation and drawings D) Cost and capital Answer: B
- An asset with a carrying value of $6,000 is sold for $6,800. What is the result? A) Loss on disposal of $800 B) Profit on disposal of $800 C) No profit or loss D) Profit on disposal of $6,800 Answer: B
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
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