Formulas Flashcards by Soreia Idrisse | Brainscape

Q

Net assets

A

Assets - liabilities

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Q

Net current assets

A

Current assets - current liabilities

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Q

Net equity

A

Opening capital + profit and loss - drawings

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Q

Straight line depreciation

A

Cost - salvage value / useful life

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Q

Reducing balance deprecation

A

= NBV - Salvage value x deprecation factor

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