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Which SSAP covers depreciation?
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
The net book value of the companies vehicles is £15,000. The current market value of the vehicles is £12,500. How much is this year's depreciation?
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
The total depreciation calculated to date is shown in which final account
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
The depreciation calculations are recorded in which ledger account
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
The headings added to the balance sheet for fixed assets are:
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
Which method of depreciation uses the formula = (cost - total depreciation) * %
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
Using the reducing balance method, calcuate depreciation for year 4. The annual rate is 10%. The asset cost £20,000.
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
Annual calculation of depreciation is shown in which final account
12
PROFIT AND LOSS ACCOUNT
1458
REDUCING BALANCE METHOD
COST TOTAL DEPRECIATION NET BOOK VALUE
BALANCE SHEET
provision for depreciation account
£2,500
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