UrbanPro

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Can you tell me the straight line method to calculate depreciation?

Asked by Last Modified  

6 Answers

Follow 0
Answer

Please enter your answer

Experienced teaching experience for 20 years

(Purchase price of asset +installation & other exp relating to purchase of asset as per AS-scrap value/no. of years of its economic life of asset. Each year depreciation charged will be equal amount.
Comments

CONTACT SOON & GET RESULTS.

In case of calculate straight line method in depreciation,the depreciation amount will be fixed in every time of deduction. eg.-10% depreciation should be charge on the value of machinery 50000.so the amount of depreciation is-5000.now the 5000 will be charge on every time.like- 1. 50000 - 5000=45000...
read more
In case of calculate straight line method in depreciation,the depreciation amount will be fixed in every time of deduction. eg.-10% depreciation should be charge on the value of machinery 50000.so the amount of depreciation is-5000.now the 5000 will be charge on every time.like- 1. 50000 - 5000=45000 2.45000-5000=40000 3.40000-5000=35000................ in these method once time the value of machinery show nil(zero balance) so it's called unscientific method. read less
Comments

Finance Specialist

(Original cost-Scrap value)/ Expected life of the fixed asset
Comments

Accounting and Taxation Expert

simple calculation that is net of total cost devided by usefull life of the assets.
Comments

Commerce Tutor

suppose if machine cost is rs 100000 and rate of dep is 10%.then you just calculate depreciation @10% which is rs10000 and charge it same for the next 10 months.means just charge rs10000 each for the periods. in case there is also scrap value given of rs 20000.then you have to just deduct that scrap...
read more
suppose if machine cost is rs 100000 and rate of dep is 10%.then you just calculate depreciation @10% which is rs10000 and charge it same for the next 10 months.means just charge rs10000 each for the periods. in case there is also scrap value given of rs 20000.then you have to just deduct that scrap value from the cost of machine.100000-20000=80000.now calculate dep @ of 10% on 80000 and charge it in your books. read less
Comments

Tutor

(cost of asset-salvage value)/life of asset
Comments

View 4 more Answers

Related Questions

Difference between a Businessman & an Entrepreneur??

The primary distinction between a businessman and an entrepreneur lies in their mindset and approach to business. A businessman typically operates within established models, concentrating on stable operations...
Abhishek Srivastava
0 0
8
Is B.com after 12th science very difficult to cope up?
No, as per my experience, first semester b.com might be bit difficult in understanding concepts but if you concentrate on subjects you will be able to cope up easily.
Tushar
0 0
8
Who is supposed to pay Income-tax?
Every person, whose taxable income for the previous financial year exceeds the minimum taxable limit is liable to pay income tax during the current financial year on the income of the previous year at...
Kirti
How can I find some best BCom tuition classes in my locality?
Check with the senior students who already appeared the examination.
Vikas

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Types of Financing
Bridge Financing: Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial institutions. The...

ACCOUNTING STANDARDS BASED QUESTIONS
ACCOUNTING STANDARDS BASED QUESTIONS:-AS-1QUESTION:Explain the areas in which different accounting policies may be followed?ANSWER:The following are examples of the areas in which different accounting...

Sumant

0 0
1

CS module 1 board and it's director s
Board & Its PowersDIR shall exercise power (conferred by AOA ) bona fide & interest of CO. DIR are not agents of Majority of Members or even all Members & Members cannot by resolution supersede...

Is accountancy science and art? Explain ?
Is accountancy science and art?:--Accountancy plays a very important role in these days of growing commercial and trade. Frequently various laws and Acts like—Company’s Act, M.R.T.P. Act are...
K

Income Computation Disclosure Standards (ICDS)
ICDS I- Relating to Accounting Policies (corresponding to AS-1) CBDT’s Revised “Income Computation and Disclosure Standard I (ICDS 1)” relating to accounting policies applicable...

Recommended Articles

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more