Introduction D UDAY Kumar exhibited his profound creativity in designing a new symbol for an Indian Rupee but it failed to ignite any excitement‚ either in India or abroad for the simple reason that Indian Rupee is a beleaguered currency now‚ for it has lost its sheen over the years. A rich title for a poor currency! The value of Indian Rupee has devalued greatly since independence‚ notwithstanding some small measly upswings against dollar sometimes which is touted as a strengthening Rupee. The
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price‚ there will be a fall in the demand for Aussie goods (imports) in the overseas market and this will eventually hurt the exporters‚ as they will face a fall in sales. Let us now see what happens when Aussie $ depreciates‚ in this case depreciation will make Aussie $ relatively cheaper in the foreign exchange market i.e. people have to pay less of their home currency to buy Australian goods this makes Aussie goods (imports) being relatively cheap in the foreign market and will therefore result
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turning your rental profit into taxable loss: depreciation. What is Depreciation? The money you spend for your rental property is considered by the IRS as an expense‚ and is usually written off. When you make major improvements and renovations to a property you bought‚ the IRS does not really consider the amount you sent as an expense‚ since you still have the property and its increased value. For this kind of expenses‚ the IRS allows you to claim depreciation.
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CURRENCY DEPRECIATION AND ITS IMPACTS Devaluation means decreasing the value of nation’s currency relative to gold or the currencies of other nations. Devaluation occurs in terms of all other currencies‚ but it is best illustrated in the case of only one other currency. Devaluation and Depreciation are sometimes used interchangeably‚ but they always refer to values in terms of other currencies and the value of currency is determined by the interplay of money supply and money demand. In common modern
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computing the cost of plant assets. C2: Distinguish between revenue and capital expenditures‚ and account for them. C3: Explain depreciation for partial years and changes in estimates. 8-3 Analytical Learning Objectives A1: Compute total asset turnover and apply it to analyze a company’s use of assets. 8-4 Procedural Learning Objectives P1: Compute and record depreciation using the straight-line‚ units-of-production‚ and decliningbalance methods. P2: Account for asset disposal through discarding
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98 AS 6 (revised 1994) Accounting Standard (AS) 6 (revised 1994) Depreciation Accounting Contents INTRODUCTION Definitions EXPLANATION Paragraphs 1-3 3 4-19 Disclosure 17-19 MAIN PRINCIPLES 20-29 94 AS 6 (issued 1982) Depreciation Accounting 99 Accounting Standard (AS) 6* (revised 1994) Depreciation Accounting [This Accounting Standard includes paragraphs set in bold italic type and plain type‚ which have equal authority. Paragraphs in bold italic
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property‚ plant and equipment registers which show all relevant details over the projected life of the asset. Each asset must have two PPE registers prepared- one using straight line method of depreciation and the other using reducing balance method. This is done to assit with decision making about the best depreciation method to use. The purchase date of all three assets must be 1 September 2012. The assets that you are asked to research are: * Delivery van(commercial vehicle) used to delivery white
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Depreciation and depletion are two models of computing financial reports. These techniques are used as adjustments when preparing statements of cash flow within the direct or indirect method. This paper will identify and examine the methods of depreciation and depletion‚ describe the difference between the methods‚ and compare and contrast depreciation and depletion as well using scholarly references to support the points. Net income is reduced through depreciation and is an expense of the company
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| BE9 – 13 Spain CompanyPartial Balance Sheet31–Dec-11 | Property‚ plant‚ equipment | | | | Coal mine | 500‚000 | | | Less: Accumulated depletion | 108‚000 | 392‚000 | | Buildings | 1‚100‚000 | | | Less: Accumulated depreciation | 650‚000 | 450‚000 | | Total property‚ plant‚ and equipment | | | 842‚000 | Intangible assets | | | | Goodwill | | | 410‚000 | Do It 9-4 Intangible | Rights‚ privileges‚ and competitive advantages that result from
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2000 phones have been sold and remaining phones are in stock. The net realisable value of the remaining phones as at March 31‚ 2011 is Rs 1.20 lacs AS 6 a) Determine the depreciation cost of the following Machinery for the year 2011 in accordance with AS -6 Cost of the Machine – Rs 100‚000 Depreciation rate as per Schedule XIV of the Companies Act – 10.34% SLM Estimated life of the machine – 5 years. b) Assuming the data given above remains the same‚ in the year 2013 the
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