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Accounting For Managers - Revenue Recognition

Depreciation Introduction and Objectives - Accounting for Managers

   Posted On :  26.01.2018 06:44 am

With the passage of time, all fixed assets lose their capacity to render services, the exceptions being land and antics. Accordingly, a fraction of the cost of the asset is chargeable as an expense in each of the accounting periods in which the asset renders services. The accounting process for this gradual conversion of capitalised cost of fixed assets into expense is called depreciation. This lesson explains the different aspects of depreciation.

Learning Objectives 

After reading this lesson, the reader should be able to:

  

ՖՖ   Understand the meaning of depreciation.

 

ՖՖ   Know the causes of depreciation.

 

ՖՖ   Appreciate the need for depreciation accounting.

 

ՖՖ   Evaluate the methods of depreciation.

 

2.1.3 Contents

 

 Meaning Of Depreciation

 

 Causes Of Depreciation

 

 Need For Depreciation Accounting

 

 Methods Of Depreciation

 

 Straight Line Method Of Depreciations

 

 Diminishing Balance Method

 

 Annuity Method Of Depreciation

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