Ask Experts Questions for FREE Help !
Ask
    Syndy's Avatar
    Syndy Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 24, 2015, 04:41 AM
    Question regarding depreciation
    Hello everyone,

    This is my first post and I glad to find this site. I study Accounting IGCSE and sometimes I need some clarification regarding questions, I hope to find some help here.

    In the file I attached the question and the answer is below it , in the answer the examiner dedected the depreciation when the method used was balanced method but didn't do the same when it was straight line method, why?

    Thank you in advance for your help.
    Attached Images
     
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Aug 24, 2015, 12:55 PM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting Depreciation Question [ 4 Answers ]

On September 5th , 2009 Apollo purchased equipment costing $40,000 with an estimated life of 6 years and an estimated salvage value of $4,000. Compute the depreciation expense Apollo would recognize on this equipment in 2009 assuming. a. Straight-Line depreciation rounding fractional time to the...

Depreciation Question [ 1 Answers ]

Fred's, Inc. purchased machinery at a cost of $20,000 on January 1, 2009. The expected useful life is 5 years and the asset is expected to have salvage value of $1,000. Fred's depreciates its assets via the double-declining balance method. What is the firm's gain or loss if the machinery is sold...

Accumulated Depreciation Question [ 1 Answers ]

Can anyone help me please? I have the following questions: If I sell a Business Vehicle, that has not fully depreciated, what journal entry/entries do I need to make to get it off my books? For example, if the Vehicle cost me $25,000, A/D was $18,000, and I sold it for $10,000? I'm new at...


View more questions Search