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Mr Grant > Depreciation > Flashcards

Depreciation Flashcards

1
Q

Depreciation

A

The reduction in value of something overtime

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2
Q

2 different methods of calculation depreciation

A

Straight line method
Reducing balance method

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3
Q

Straight line method

A

Historic price(purchase price)-residual value/expected life

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4
Q

Reducing balance method

A

The percentage decrease over time

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Mr Grant (8 decks)

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