MACRS stands for modified accelerated cost recovery system. It is the current system allowed in the United States to calculate tax deductions on account of depreciation for depreciable assets (other than intangible assets).
Depreciation was charged on a reducing basis at 20%. On 20X7/1/1, the asst is revalued to market value of 520000. How much should be recorded in the revaluation reserve at 20X7/1/1? 答案:315200 解析: 解题关键词:余额递减法计提折旧。 X4/1/1-X5/1/1: deprecation=400000*20%=80000...
But there is one issue. After revaluation of asset , revised deprecation calculation is not done as per the existing depreciation (phase 1 & phase 2) method. As per change of Base method 03, now depreciation is charged on revised asset value but at specific % given in phase 1. and secon...
Which of the following controls should contribute to assurance that depreciation is not charged on fully depreciated assets? A. A tangible non-current assets register containing cost and accumulated depreciation of each asset. B. Prior authorisation of sales or scrappings of assets. C. A register...
(1) Depreciation on Fixed Assets will be charged on a straight line basis in accordance with the schedule set out in paragraph (2). hkelectric.com (1) 固定資產的折舊,按照下文 第(2)段所列的明細 表以直線方式入帳。 hkelectric.com Each year the difference between depreciation based on ...
15. Depreciation under Diminishing Balance Method is calculated on?Scrap Value Book Value Cash Account RepairAnswer: B) Book ValueExplanation:As indicated by the Diminishing Balance Method, devaluation is charged at a proper rate on the book worth of the resource. This strategy depends on the ...
Accumulated Depreciation：the total depreciation charged against all productive assets as stated on the balance sheet. The charge is made to allow realistic reduction in the value of productive assets and to allow taxfree recovery of the original investment in assets.累计折旧指企业在报告期末提取的各...
a一个安全的空间能够使孩子不受伤害并且让孩子学会去爱 正在翻译,请等待...[translate] a你做什么出口生意 你做什么出口生意[translate] aProperty, Plant and Equipment, as depreciation should only be charged on buildings.[translate]
Depreciation is charged not for each object of fixed assets, but for the depreciation group (subgroup) as a whole. Subgroup - objects included in the group to which the increasing or decreasing depreciation factor is applied. The cost of all objects included in a group (subgroup) forms its ...
...in price and lower in quality than one would expect, considering the place and season; but the sum charged for unstinted board and a tolerable bed (from two to two and a half dollars per diem), is reasonable enough, especially during the presentdepreciation... ...