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Accounting > Depreciation Methods > Flashcards

Depreciation Methods Flashcards

1
Q

Straight line depreciation is calcualted by…

A

historical cost - residual

Economic life

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2
Q

Diminishing Value depreciation is calculated by….

A

rate x (cost of asset - accumulated depreciation)

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3
Q

Units of use depreciation is calculated by…

A

units used

total units

x (historical cost - residual)

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Accounting (4 decks)

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