0
What are the advantages and disavantages of using different depreciation methods?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the advantages of straight line methods?
The benefit of this method is that an equal amount of depreciation is charged every year throughout the life of the asset,making the calculation of depreciation and of cost comparision easy.
How many methods of calculating depreciation?
Following are different methods of depreciation: 1 - Straight line method 2 - Diminishing balance method 3 - Double declining method 4 - Sum of years method 5 - MACRS
What impact will different depreciation methods have on a companys bottom line?
different deprecition method impact differently on the company's profit. The straightline method of depreciation when used impact differently on the profit and loss than the reducing balance method. How do the two methods differ. different deprecition method impact differently on the company's profit. The straightline method of depreciation when used impact differently on the profit and loss than the reducing balance method. How do the two methods differ.
What is MT and MSL in accounting depreciation method?
MT and MSL are two depreciation methods used in accounting. They are based on the linear method of depreciation.
What are the the advantages of methods in java programing?
Methods are similar to functions or procedures in non-OOP languages, but methods are associated with a specific object (which, in turn, is based on a specific class); so the advantages of using methods are related to the advantages of OOP in general. Specifically, in the case of methods, you can use the same method name to do different things for different types of objects - for example, a show() method would work differently, depending on what object it works on.
Which of the following methods of computing depreciation is production based?
Which of the following methods of computing depreciation is production based?A. Straight-line.B. Declining-balance.C. Units-of-activity.D. None of these.Ans: C. Units- of- activity
How many depreciation methods used in South Africa?
Type your answer here... Two
How is A change in depreciation methods is accounted for?
Prospectively, like changes in accounting estimates
What are the advantages and disadvantages of the scientific method?
Advantages of using scientific methods: You can test in many different ways, and the more times you test, the more accurate your results will be. Disadvantages of using scientific methods: You can come up with different results which can disprove your hypothesis, and this leads to inconsistent conclusions.
What are the advantages of the methods?
Different communications methods reduce confusion. For instance, texting and emailing others forces the receiver to interpret the message without body language, which can be confusing.
Why is depreciation necessary?
Depreciation is an incentive for investment in equipment. It encourages businesses to buy equipment that will be used to provide employment.Depreciation is effectively a tax credit. It reduces the profits and therefore the taxes due.Depreciation cost is a term used to account for the loss of value in an item over time. There are four methods of depreciation that are approved for use under the generally accepted accounting principles or GAAP. The most commonly used methods are straight-line depreciation, declining balance and percentage of use.
Advantages of postal surveys?
you are able to collect your information from a different people Its also more economical in regards to other methods used.
