DEPRECIATION OF NON-CURRENT ASSETS (PART 1)

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You are of great help for me to understand accounting.

Sir what of when there's no rate

Sir, in situations where you were not given a depreciation rate but a salvage value, number of years and the cost of the asset . And you were asked to calculate depreciation using the reducing balance method?

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How can I know that this one goes to the debit side or credit side

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What about where you haven't been given theaccumulated dep and told to calculate annual rate of depreciation using reducing balance method where cost ,scrap value and useful life given?

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But Sir, please the explanation of the Inadequacy, would it not fall under Obsolescence since you would be bringing in a new machine.

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I don't know how you get $9,000 and this $8,100 is not clear.......reducing bal method

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Thank you

Sir please ...if you are given a residual value and the cost ..and you are required to use Sum of the digit method....will the RV be deducted from the cost?

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