PPT : Depreciation Accounting (Part - 5) CA Foundation Notes | EduRev

Principles and Practice of Accounting

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CA Foundation : PPT : Depreciation Accounting (Part - 5) CA Foundation Notes | EduRev

 Page 1


CPT Section A: Fundamentals of Accounting 
Chapter-5  
Part 5: Miscellaneous Concepts of Depreciation 
CA. Poonam Patni 
 
 
Depreciation Accounting 
Page 2


CPT Section A: Fundamentals of Accounting 
Chapter-5  
Part 5: Miscellaneous Concepts of Depreciation 
CA. Poonam Patni 
 
 
Depreciation Accounting 
THE TOPICS ALREADY COVERED IN PART : 4 
INSURANCE POLICY METHOD 
DEPLETION METHOD 
DOUBLE DECLINING METHOD 
SALE  OF DEPRECIABLE ASSET 
Page 3


CPT Section A: Fundamentals of Accounting 
Chapter-5  
Part 5: Miscellaneous Concepts of Depreciation 
CA. Poonam Patni 
 
 
Depreciation Accounting 
THE TOPICS ALREADY COVERED IN PART : 4 
INSURANCE POLICY METHOD 
DEPLETION METHOD 
DOUBLE DECLINING METHOD 
SALE  OF DEPRECIABLE ASSET 
LEARNING OBJECTIVES 
Change in 
method of 
Depreciation 
Revision of 
the  
estimated 
useful life 
of the 
asset 
Revaluation 
of  
depreciable 
asset 
Provision 
for repairs 
& renewals  
Practice  
Questions 
Page 4


CPT Section A: Fundamentals of Accounting 
Chapter-5  
Part 5: Miscellaneous Concepts of Depreciation 
CA. Poonam Patni 
 
 
Depreciation Accounting 
THE TOPICS ALREADY COVERED IN PART : 4 
INSURANCE POLICY METHOD 
DEPLETION METHOD 
DOUBLE DECLINING METHOD 
SALE  OF DEPRECIABLE ASSET 
LEARNING OBJECTIVES 
Change in 
method of 
Depreciation 
Revision of 
the  
estimated 
useful life 
of the 
asset 
Revaluation 
of  
depreciable 
asset 
Provision 
for repairs 
& renewals  
Practice  
Questions 
CHANGE IN THE METHOD OF  DEPRECIATION 
CHANGE- Ex: From SLM to WDV method or vice versa.  
Statutory requirement 
Compliance with the accounting 
standard 
Appropriate preparation & 
presentation of the financial 
statements 
WHEN 
Page 5


CPT Section A: Fundamentals of Accounting 
Chapter-5  
Part 5: Miscellaneous Concepts of Depreciation 
CA. Poonam Patni 
 
 
Depreciation Accounting 
THE TOPICS ALREADY COVERED IN PART : 4 
INSURANCE POLICY METHOD 
DEPLETION METHOD 
DOUBLE DECLINING METHOD 
SALE  OF DEPRECIABLE ASSET 
LEARNING OBJECTIVES 
Change in 
method of 
Depreciation 
Revision of 
the  
estimated 
useful life 
of the 
asset 
Revaluation 
of  
depreciable 
asset 
Provision 
for repairs 
& renewals  
Practice  
Questions 
CHANGE IN THE METHOD OF  DEPRECIATION 
CHANGE- Ex: From SLM to WDV method or vice versa.  
Statutory requirement 
Compliance with the accounting 
standard 
Appropriate preparation & 
presentation of the financial 
statements 
WHEN 
In case of change in method of 
depreciation. 
Recalculation of  depreciation is done in 
according to the new method of depreciation. 
Deficiency or surplus arising from such 
retrospective recomputation should be  Dr. or Cr. 
to the P&L a/c of the year of change of method.  
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