Live Work
Office Laptop
• Cost: $1,200
• Estimated Salvage Value: $200
• Useful Life: 5 years
Calculate the annual depreciation using the straight line depreciation method
Office Laptop
• Cost: $1,200
• Estimated Salvage Value: $200
• Useful Life: 5 years
Calculate the annual depreciation using the straight line depreciation method
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2. Units of Production Method
Annual depreciation/The Periodical Depreciation = Cost - Residual value/Units
Annual depreciation/The Periodical Depreciation = Cost - Residual value/Units
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Live Work
Delivery Van (Based on Miles)
• Cost: $35,000
• Salvage Value: $5,000
• Total Estimated Miles: 100,000 miles
Delivery Van (Based on Miles)
• Cost: $35,000
• Salvage Value: $5,000
• Total Estimated Miles: 100,000 miles
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Based on the above question, assume in the first year the van drives 20,000 miles.
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Pizza Oven
• Cost: $11,000
• Salvage Value: $1,000
• Total Estimated Capacity: 50,000 pizzas
• Cost: $11,000
• Salvage Value: $1,000
• Total Estimated Capacity: 50,000 pizzas
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Based on the above question (The last one) assume in the first Month, the shop bakes 2,000 pizzas. Calculate the depreciation of Month 1
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Thank you all for such fruitful Live session and your wonderful participation 🙏
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Q31. Assume equipment was acquired at a cost of Br. 10,000 and depreciated at an annual rate of 10% of cost. The equipment is sold for cash on Oct 12 of its 8th year of use. What is the accumulated depreciation in the account as of the preceding Dec 31?
Anonymous Quiz
12%
Br. 6,000
24%
Br. 7,000
47%
Br. 8,000
17%
Br. 7,750
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የመውጫ ፈተና (Exit Exam) የሚሰጥበት ጊዜ ከየካቲት 16-27 ቀን 2018 ዓ.ም መሆኑ ተገለጸ።
የትምህርት ምዘና እና ፈተናዎች አገልግሎት ባወጣው መርሃ-ግብር መሰረት፣ የ 2018 ትምህርት ዘመን አጋማሽ የከፍተኛ ትምህርት መውጫ ፈተና (Exit Exam) ከየካቲት 16 - 27 ቀን 2018 ዓ.ም ይሰጣል።
የትምህርት ምዘና እና ፈተናዎች አገልግሎት ባወጣው መርሃ-ግብር መሰረት፣ የ 2018 ትምህርት ዘመን አጋማሽ የከፍተኛ ትምህርት መውጫ ፈተና (Exit Exam) ከየካቲት 16 - 27 ቀን 2018 ዓ.ም ይሰጣል።
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Accounting Room
B. Converting Liabilities to Revenue (Deferral/Unearned Revenue) Concept: We received cash before we earned the revenue. The initial entry creates a liability. The adjusting entry converts a portion of that liability to revenue. Example: Magazine Subscription…
Unearned Revenue represents money received by a company before it has provided the service or good. Since the company still owes the customer that service, it is classified as a Liability. Like all liability accounts, its normal balance is a Credit.
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Forwarded from Founder (Maroset)
Today’s training session with investors and business owners was truly impactful. We explored practical tools and strategies designed to help investors thrive in today’s dynamic business environment.
The energy was high, the discussions were insightful, and every question raised found its answer. It was a fruitful exchange of knowledge and experience, a step forward in building stronger, smarter investment decisions.
The energy was high, the discussions were insightful, and every question raised found its answer. It was a fruitful exchange of knowledge and experience, a step forward in building stronger, smarter investment decisions.
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