PPT-ESTIMATING LOSS IN VALUE: ACCRUED DEPRECIATION

Chapter 12 Accrued depreciation Agelife method Book value Capitalized income method Cost basis Costtocure method Curable depreciation Curable postponed Currentvalue accounting Deferred maintenance. To put it another way an accrued expense is paid after being recorded on the books Every adjusting entry for accrued expenses debits an expense account increasing expenses on the income statement and reducing net income and credits a payable account Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. of Accounts. Workshop for Accountants. ICAI . Bhawan. , . Vadodara. – 8. th. July, 2014. *********************************************. CA. . Kejal. V. . Pandya. Partner. Contractor, . Nayak. & . What . if the . Company Doesn’t Purchase (or sell) the Asset at the Beginning (or end) of the Year?. Units-of-production. Multiple the depreciation rate by the actual usage. Straight-line or double-declining balance. Double entry records for depreciation. Learning objectives. After you have studied this chapter, you should be able to:. Incorporate depreciation calculations into the accounting . records. Record the entries relating to disposal of non-current . Depreciation and Bad Debts. Outline of Lecture. Depreciation. Bad Debts. Provision for Bad Debts. Exercises. Lecturer: Chara Charalambous . 3. Depreciation. According to IAS 16 ‘Depreciation is the measure of the cost of the tangible - fixed asset that has been consumed during the period’ . Long-Lived Tangible and Intangible Assets. PowerPoint Authors:. . Brandy Mackintosh. Lindsay . Heiser. Learning Objective 9-1. Define, classify, and explain the nature of long-lived assets.. Tangible. Chapter 4. McGraw-Hill/Irwin. © 2009 The McGraw-Hill Companies, Inc.. Accounting Cycle. Prepare financial statements.. Disseminate statements to users.. Close revenues, gains, expenses, and losses to Retained Earnings.. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. ACCRUED DEPRECIATION. Basic Real Estate . Appraisal. : Principles & Procedures – 9. th. Edition. © 2015 . OnCourse. Learning . Chapter 12. STUDENT LEARNING OUTCOMES. Distinguish the Concept of Depreciation as it is used in Accounting from that used in Appraisal. of Accounts. Workshop for Accountants. ICAI . Bhawan. , . Vadodara. – 8. th. July, 2014. *********************************************. CA. . Kejal. V. . Pandya. Partner. Contractor, . Nayak. & . Asst.Prof. Dr. Panchat Akarak. p.thipnew1@hotmail.com. School of Accounting . Chiang Rai Rajabhat University. Adjusting . the Accounts . -Accrual Basis. -Errors Recorded. -Financial information Quality . Introduction to Accounting . Lecturer: Troy J. . Wishart. . . Summer Course. ACT 110. Is EASY POP!. Our Confession. And . I am Going to get an “A”!. Depreciation. Lecture Notes 6. 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 .