PLANT AND EQUIPMENT OBJECTIVE SCOPE DEFINITIONS RECOGNITION Initial costs Subsequent costs MEASUREMENT AT RECOGNITION Elements of cost Measurement of cost MEASUREMENT AFTER RECOGNITION Cost model Revaluation model Depreciation Depreciable amount and depreciation period Depreciation method Impairment Compensation for impairment DERECOGNITION DISCLOSURE TRANSITIONAL PROVISIONS EFFECTIVE DATE WITHDRAWAL OF OTHER PRONOUNCEMENTS 1 2–5 6 7–14 11 12–14 15–28 16–22 23–28 29–66 30 31–42 43–62 50–59 60–62
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entrepreneurial spirit‚ ingenuity‚ style and business savvy‚ learn how to launch your own cosmetics line. Visit FDA.gov to learn its regulations about cosmetics safety and labeling. The website lists restricted ingredients and provides direction on how to list warning statements for certain types of cosmetics. Use this information when evaluating the quality of products to offer in your cosmetic line. Attend cosmetics trade shows and join professional organizations. The websites biztradeshows.com
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Depreciation Essay A method of accelerated depreciation‚ in which double the straight-line depreciation amount is taken the first year and then that same percentage‚ is applied to the un-depreciated amount in subsequent years is called double-declining-balance-method. Depreciation methods that provide a higher depreciation charge in the first year of an asset’s life and gradually decreasing charges in subsequent years are called “accelerated depreciation methods”. This may be
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During class this semester we learned about many concepts in the sociology world. The show I chose to give examples of these concepts is The Fresh Prince Of Bel Air. In the show they give many examples of concepts like sex‚ gender and interaction. The four concepts that I chose to use were racism‚ groups‚ family and social interaction. Racism is the feeling one gets when his or her race is more superior than another. In the show there is a point when Will and Carlton get pulled over by the police
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would be eight weeks before I am up to jogging 60 minutes per day. ii. A culture of bacteria doubles every 2 hours. If there are 500 bacteria at the beginning‚ how many bacteria will there be after 24 hours? Solution: 500‚ 1000‚ 2000‚ 4000…… Start 2hours‚ 4hours‚ 6hours T1 = 2‚ T 2 = 4‚ T3=6 T1 = 500‚ T2 = 1000‚ T3= 2000‚ T4 = 4000 T2 – T1 = T3 – T2 T2T1=T3T2 4 – 2 = 6 – 4 1000500=20001000 2 = 2 2 = 2 This above is arithemetic sequence
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Depreciation Methods Depreciation is the accounting process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset. Factors Involved in the Depreciation Process 1. What depreciable base is to be used for the asset? 2. What is the asset’s useful life? 3. What method of cost apportionment is best for the asset? Depreciable Base for the Asset The base established for depreciation is a function
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INTRODUCTION 2. Content • Causes • Effects • Cure • Depreciation vs. devaluation * 3. Causes 1. 1.Demand Supply Rule: The value of rupee follows the simple demand and supply rule of economics. If the demand for the dollar in India is more than its supply‚ dollar appreciates and rupee depreciates 2. 2.Dollar gaining strength against the other currencies: The central banks of Eurozone and Japan are printing excessive money due to which their currency is devalued. Hence‚ making the US dollar stronger
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discuss the currency depreciation vs. devaluation. Also‚ discuss the impact of currency depreciation from Indian economy perspective. Currency Depreciation & Impact Rajesh Kanjani (34473) rajesh.kanjani@hotmail.com SIBM Exe. MBA (2011-2014) Currency Devaluation vs. Depreciation The devaluation and deprecation of currency go more or less hand in hand. Currency depreciation is an economic result‚ whereas devaluing a currency is an act that results in currency depreciation. Many a times they
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straight-line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service. Prepare the journal entry to record the sale. Assuming the company’s year end is March 31. Depreciation for 2007-08: ((80000-5000)/5) X 9/12 = 11250 Depreciation for 2008-09: ((80000-5000)/5) = 15000 Depreciation for 2009-10: ((80000-5000)/5) = 15000 Depreciation for 2010-11: ((80000-5000)/5) = 15000 Total Depreciation 46250
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INTRODUCTION Depreciation expense is an accounting and financial reporting practice‚ used primarily by businesses that pay tax on income. On the income statement‚ this expense appears as a charge against income‚ that is‚ it is subtracted from sales revenues to produce a lower reported income. Over the years and at different periods in time‚ depreciation has meant different things to different people. According to International Accounting Standard (IAS) depreciation is the allocation of the depreciable
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