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Alle Oberthemen / Accounting / General

Chapter 7 (6 Karten)

Sag Danke

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What is the Journal entry for Depreciation?

Dep expense XXXX
Accumulated Dep. XXXX

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What are the three depreciation methods?

Straight-line
Units-of-production
Declining-balance

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How does the Units of Production method to calculate depreciation work?

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How does the double declining balance method work?

100% / useful life = straight line rate

straight line rate * 2 = Double declining balance rate

Dep expense = Double declining balance rate * Beginning period Book Value

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How are natural resources reported?

Cost - accumulated dep.

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How do you compute depletion expense?

Kartensatzinfo:

Autor: savhighsmith

Oberthema: Accounting

Thema: General

Schule / Uni: UGA

Ort: Athens

Veröffentlicht: 31.03.2010

Tags: Swati Bhandarkar

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Chapter 7 (6 Karten)