Accounting for Non-Current Asset

Reducing Balance Method

Reducing Balance Method or Diminishing Balance Method or Written Down Value Method of Depreciation: Reducing balance method is also named as diminishing balance or written…
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Revaluation Depreciation Method

Revaluation depreciation method is usually used to calculate depreciation of assets where, there are numerous small identifiable assets of low value but nevertheless of lasting…
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Methods for Calculating Depreciation

Different methods are used to calculate the amount of depreciation charge. These are following: (1) Revaluation Depreciation Method (2) Straight Line Depreciation Method or Original…
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Characteristics of Depreciation

Depreciation has the following characteristics or attributes: (1) Depreciation is only charged on non-current assets. (2) Depreciation occurs from the date of purchase of an…
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Depreciation

Non-Current Assets and Depreciation – Definition, Concept and Explanation: Non-current assets are purchased by a business not for resale but to be used within the…
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