Provision for depreciation, Accounting Basics

Assignment Help:

Why is a provision for depreciation made in the financial statements?

A to charge the cost of non-current assets against profits

B to make a provision for repairs

C to make cash available to replace non-current assets when necessary

D to show the current market values of non-current assets

Related Discussions:- Provision for depreciation

Explain the purpose and objective of accounting, Weekly tasks or assignment...

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy fou

BOOKS OF ORIGINAL ENTRY, WHAT ARE THE VARIOUS TYPES OF PRIME BOOKS

WHAT ARE THE VARIOUS TYPES OF PRIME BOOKS

Process for calculating gross earnings, Process for Calculating gross earni...

Process for Calculating gross earnings These are employee's earnings before any amount is deducted by the employer. Earnings are calculated either by a standard monthly r

Why you want to change from hardware sector to fmcg sector, This is due to ...

This is due to every organization wants profit to operate, and as results the fmcg gods turn to have a moving market than that of the hardware goods, because the products does not

Hi, Purchase of office supplies what is the account classification?

Purchase of office supplies what is the account classification?

What do you mean by net sales, Q. What do you mean by Net sales? We dem...

Q. What do you mean by Net sales? We demonstrate a condensed income statement to emphasize its major divisions. Next, we explain the more complete income statement actually pre

Misstatement of accounting information, Q. Misstatement of accounting infor...

Q. Misstatement of accounting information? The FASB describes materiality as the magnitude of an omission or misstatement of accounting information that in the light of surroun

Accounting errors-transaction errors, Accounting Errors-Transaction Errors ...

Accounting Errors-Transaction Errors How would the following errors affect the account balances and the basic accounting equation, Assets = Liabilities + Owners' Equity? How do the

Find out debt to equity ratio, Current Assets are $70,000, non-current asse...

Current Assets are $70,000, non-current assets are $150,000, current liabilities are $40,000 and long term liabilties are $30,000. What is the debt to equity ratio? 0.47 Stock h

Inter company transaction in account receivable, How to define Inter compan...

How to define Inter company Transaction in Account Receivable? Ans) Intercompany transactions are those transactions that takes place among two or more entities of the similar g

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages