Commerce Exam > Commerce Notes > Accountancy Class 11 > PPT : Depreciation Accounting - 3
PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 CPT Section A: Fundamentals of Accounting Chapter-5 Part 3: Methods of Depreciation CA. Poonam Patni Page 2 CPT Section A: Fundamentals of Accounting Chapter-5 Part 3: Methods of Depreciation CA. Poonam Patni Journal Entries for Depreciation Factors to be considered for Depreciation Objectives of Depreciation Causes of Depreciation Understand the Meaning & Need of Depreciation Page 3 CPT Section A: Fundamentals of Accounting Chapter-5 Part 3: Methods of Depreciation CA. Poonam Patni Journal Entries for Depreciation Factors to be considered for Depreciation Objectives of Depreciation Causes of Depreciation Understand the Meaning & Need of Depreciation Sum of Digits Method Differences between SLM & WDV Method Reducing Balance Method (WDV) Straight Line Method (SLM) Page 4 CPT Section A: Fundamentals of Accounting Chapter-5 Part 3: Methods of Depreciation CA. Poonam Patni Journal Entries for Depreciation Factors to be considered for Depreciation Objectives of Depreciation Causes of Depreciation Understand the Meaning & Need of Depreciation Sum of Digits Method Differences between SLM & WDV Method Reducing Balance Method (WDV) Straight Line Method (SLM) What is Annuity Page 5 CPT Section A: Fundamentals of Accounting Chapter-5 Part 3: Methods of Depreciation CA. Poonam Patni Journal Entries for Depreciation Factors to be considered for Depreciation Objectives of Depreciation Causes of Depreciation Understand the Meaning & Need of Depreciation Sum of Digits Method Differences between SLM & WDV Method Reducing Balance Method (WDV) Straight Line Method (SLM) What is Annuity Consider the element of interest on capital outlay. Interest is calculated on the book value of account. Depreciation considers cost of the asset and appropriate amt. of interest. This method is suitable for Long Leases. Annuity MethodRead More
|
64 videos|152 docs|35 tests
|
FAQs on PPT : Depreciation Accounting - 3 - Accountancy Class 11 - Commerce
| 1. What is depreciation accounting? |  |
Ans. Depreciation accounting is a method used to allocate the cost of an asset over its useful life. It recognizes that assets lose their value over time due to wear and tear, obsolescence, or other factors. By recording depreciation expenses, businesses can accurately reflect the decrease in value of their assets on their financial statements.
| 2. How is depreciation expense calculated? | |
Ans. Depreciation expense is calculated using various methods such as straight-line depreciation, declining balance method, or units of production method. The most commonly used method is the straight-line method, where depreciation expense is determined by dividing the cost of the asset by its estimated useful life.
| 3. What is the difference between depreciation and amortization? | |
Ans. Depreciation and amortization are similar concepts but are applied to different types of assets. Depreciation is used for tangible assets such as buildings, machinery, or vehicles, while amortization is used for intangible assets such as patents, copyrights, or trademarks. Both methods allocate the cost of the asset over its useful life.
| 4. How does depreciation affect financial statements? | |
Ans. Depreciation affects the financial statements by reducing the value of assets on the balance sheet and increasing expenses on the income statement. It also reduces the net income and, consequently, the taxes payable. Additionally, depreciation is used in calculating the book value of assets and determining the company's financial health.
| 5. Can depreciation be reversed or adjusted in the future? | |
Ans. Depreciation is an accounting method that reflects the decrease in the value of assets over time. Once depreciation expense has been recognized, it cannot be reversed or adjusted in the future unless there is an error or a change in the estimated useful life or salvage value of the asset. In such cases, the depreciation method may be revised, and the adjustments are made accordingly.
About this Document
|
1.1K Views |
|
4.69/5 Rating |
|
Dec 18, 2024 Last updated |
Document Description: PPT : Depreciation Accounting - 3 for Commerce 2024 is part of Accountancy Class 11 preparation.
The notes and questions for PPT : Depreciation Accounting - 3 have been prepared according to the Commerce exam syllabus. Information about PPT : Depreciation Accounting - 3 covers topics
like and PPT : Depreciation Accounting - 3 Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for PPT : Depreciation Accounting - 3.
Introduction of PPT : Depreciation Accounting - 3 in English is available as part of our Accountancy Class 11
for Commerce & PPT : Depreciation Accounting - 3 in Hindi for Accountancy Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Accountancy Class 11 | Best notes, free PDF download
Information about PPT : Depreciation Accounting - 3
In this doc you can find the meaning of PPT : Depreciation Accounting - 3 defined & explained in the simplest way possible. Besides explaining types of
PPT : Depreciation Accounting - 3 theory, EduRev gives you an ample number of questions to practice PPT : Depreciation Accounting - 3 tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,Semester Notes
,Viva Questions
,Sample Paper
,mock tests for examination
,past year papers
,shortcuts and tricks
,Summary
,Exam
,Extra Questions
,MCQs
,ppt
,PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce
,study material
,Free
,PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce
,practice quizzes
,Previous Year Questions with Solutions
,Important questions
,PPT : Depreciation Accounting - 3 | Accountancy Class 11 - Commerce
,Objective type Questions
;
Additional Information about PPT : Depreciation Accounting - 3 for Commerce Preparation
PPT : Depreciation Accounting - 3 Free PDF Download
The PPT : Depreciation Accounting - 3 is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the PPT : Depreciation Accounting - 3 now and kickstart your journey towards success in the Commerce exam.
Importance of PPT : Depreciation Accounting - 3
The importance of PPT : Depreciation Accounting - 3 cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
PPT : Depreciation Accounting - 3 Notes
PPT : Depreciation Accounting - 3 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to PPT : Depreciation Accounting - 3.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, PPT : Depreciation Accounting - 3 Notes on EduRev are your ultimate resource for success.
PPT : Depreciation Accounting - 3 Commerce Questions
The "PPT : Depreciation Accounting - 3 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study PPT : Depreciation Accounting - 3 on the App
Students of Commerce can study PPT : Depreciation Accounting - 3 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PPT : Depreciation Accounting - 3,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PPT : Depreciation Accounting - 3 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup