PPT-Depreciation Depreciation accounting and applies to all depreciable assets,

except the following Forests plantations and similar regenerative natural resources Wasting assets including expenditure on the exploration for and extraction of minerals oils natural gas and similar nonregenerative resources . of Accounts. Workshop for Accountants. ICAI . Bhawan. , . Vadodara. – 8. th. July, 2014. *********************************************. CA. . Kejal. V. . Pandya. Partner. Contractor, . Nayak. & . Reference sections: 123(2) and Schedule II. . PART-A. 1- Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of production or similar units expected to be obtained from the asset by the entity. http://www.investopedia.com/terms/d/depreciation.asp. Depreciation. Buildings, machinery, equipment, furniture, fixtures, computers, outdoor lighting, parking lots, . cars, and . trucks are examples of . Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 11. Explain the accounting procedures for depletion . of mineral . resources.. Explain . the accounting for revaluations.. of Accounts. Workshop for Accountants. ICAI . Bhawan. , . Vadodara. – 8. th. July, 2014. *********************************************. CA. . Kejal. V. . Pandya. Partner. Contractor, . Nayak. & . in Accrual Accounting. . G.vijaya. . kumar. . Prof.nac. Introduction:. . Schedule XIV has been replaced with schedule II for depreciation calculation. Natural Resources. , . and Intangible . Assets. 9. Learning Objectives. Explain the accounting for . plant asset . expenditures.. Apply depreciation methods . to plant . assets.. Explain how to account for . 30. Chapter 9. Contemporary Engineering Economics. Copyright © . 2016. Chapter Opening Story . Delta Airlines has invested $100 million in improving luggage handling technology and equipment.. How. does the cost of this . Chapter 8. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. Income Tax Fundamentals 2011 . Gerald E. . Whittenburg. &. Martha Altus-. Buller. Student Copy. 2011 Cengage Learning. Accounting Periods. Partnerships/S-Corporations may elect to adopt a different fiscal tax year from the one prescribed on previous slide, but only. Operational Assets. Acct 2210 - Chapter 8. McGraw-Hill/Irwin. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.. LO 1. Identify different types of long-term operational assets.. Operational Assets. Acct 2210 - Chapter 8. McGraw-Hill/Irwin. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.. LO 1. Identify different types of long-term operational assets.. Resource 2016. Local Government Corporation. Capital Assets. Certified Continuing Professional Education Class. 2. -hour credit. Must remain for the entirety of the class to receive CPE credit. Must sign in and sign out to receive CPE credit. BY ASST. PROF DR. J . SAHA. DEPARTMENT . OF COMMERCE. Depreciation. . Accounting. Definition. A measure of . the . wearing . out, consumption or other . loss of . value of depreciable . assets .