CA Foundation Exam > CA Foundation Videos > Crash Course for CA Foundation > Depreciation - 14
Depreciation - 14 Video Lecture | Crash Course for CA Foundation
FAQs on Depreciation - 14 Video Lecture - Crash Course for CA Foundation
| 1. What is depreciation and why is it important in accounting? |  |
Ans.Depreciation is the process of allocating the cost of a tangible asset over its useful life. It is important in accounting because it helps businesses match the cost of an asset with the revenue it generates, providing a more accurate picture of financial performance.
| 2. What are the different methods of calculating depreciation? | |
Ans.The most common methods of calculating depreciation include straight-line depreciation, declining balance method, and units of production method. Each method has its own formula and is chosen based on the nature of the asset and the financial strategy of the business.
| 3. How does depreciation affect a company's financial statements? | |
Ans.Depreciation affects a company's financial statements by reducing taxable income, thereby affecting the income statement. It also reduces the asset's book value on the balance sheet, reflecting the wear and tear of the asset over time.
| 4. Can a business choose its depreciation method? | |
Ans.Yes, a business can choose its depreciation method based on its financial reporting needs and tax strategy. However, once a method is chosen, it should be applied consistently unless a change is justified and disclosed.
| 5. What is the difference between book value and market value in relation to depreciation? | |
Ans.Book value is the value of an asset as recorded on the balance sheet after accounting for depreciation, while market value is the price at which the asset could be sold in the current market. Depreciation affects book value but not necessarily market value.
Related Exams
About this Video
|
Dec 22, 2024 Last updated |
Video Description: Depreciation - 14 for CA Foundation 2024 is part of Crash Course for CA Foundation preparation.
The notes and questions for Depreciation - 14 have been prepared according to the CA Foundation exam syllabus.
Information about Depreciation - 14 covers all important topics for CA Foundation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Depreciation - 14.
Introduction of Depreciation - 14 in English is available as part of our Crash Course for CA Foundation for CA Foundation & Depreciation - 14 in
Hindi for Crash Course for CA Foundation course. Download more important topics related with notes, lectures and mock test series for
CA Foundation Exam by signing up for free.
Description
Video Lecture & Questions for Depreciation - 14 Video Lecture | Crash Course for CA Foundation - CA Foundation full syllabus preparation | Free video for CA Foundation exam to prepare for Crash Course for CA Foundation.
Information about Depreciation - 14
Here you can find the meaning of Depreciation - 14 defined & explained in the simplest way possible.
Besides explaining types of Depreciation - 14 theory, EduRev gives you an ample number of questions to practice Depreciation - 14 tests,
examples and also practice CA Foundation tests.
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Previous Year Questions with Solutions
,mock tests for examination
,Depreciation - 14 Video Lecture | Crash Course for CA Foundation
,Summary
,Sample Paper
,MCQs
,Exam
,past year papers
,Free
,video lectures
,Depreciation - 14 Video Lecture | Crash Course for CA Foundation
,practice quizzes
,study material
,Extra Questions
,Viva Questions
,Important questions
,Semester Notes
,Depreciation - 14 Video Lecture | Crash Course for CA Foundation
,shortcuts and tricks
,ppt
,Objective type Questions
;
Study Depreciation - 14 on the App
Students of CA Foundation can study Depreciation - 14 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Depreciation - 14,
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 Depreciation - 14 is prepared as per the latest CA Foundation syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup