anoop singh

• Aug 8th, 2011

WDV method is better method to calculate depreciation. In initial years cost of product reduced more and WDL record depreciation higher in initial years.

Sohaib Abbas

 Profile Answers by Sohaib Abbas Questions by Sohaib Abbas

• Mar 25th, 2011

A.A?We can decided which method of deprecation is best on the basis of usefulness (benefits) provided by the asset.When we prefer SLM:-we preferred SLM where the equal amount of ?benefit is derived ...

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What is asset book and what are the mandatory setups for this & what are the validation types in Fixed assets?

Laukesh Choudhary

• Dec 29th, 2014

Asset other than the current asset asset is Fixed asset. Current asset are the asset which are converted into cash or sale within One year max.

kamal

• Jul 11th, 2013

Fixed asset is which ever item is not transferable into cash easily is nothing but fixed asset

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What is fixed asset reconciliation? Why do we prepare fixed asset reconciliation?

Rupesh

• Dec 28th, 2016

We Prepared the fixed asset reconciliation just to get the information whether depreciation has been properly charged or not, whether the addition of new asset to the particular accounts is justifiabl...

Madhu

• Nov 23rd, 2016

Fixed assets are those assets which are purchased for long term use and those assets cannot be converted into cash very quickly.

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Can start up costs associated with getting a new location up and running within your business be capitalized even though they are non-capital items?

Divakar B

• Nov 28th, 2012

As per Accounting standard 16 specified by ICAI , Borrowing cost, Interest cost even though non capital in nature which must be capitalized if they incurred for acquisition of Qualifying capital asset...

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TEJINDER KHATKAR

• Aug 20th, 2006

Fictitious assets are not actually assets, but are expeditures which cannot be assumed to be of a particular period, hence cannot be trf to P&L Account of one year. Rather these items are shown in...

T.Prasad

• Aug 10th, 2006

Hi,Fictitious Assets :These are the assets which can not be seen, but exist in the business.ex: Goodwill, patents, etcCash Book: It is one of the Subsidiary Book which is generally used by any busine...

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tajuddin

• May 7th, 2006

if u forgot depreciation we have to follow the preliminary principal of the depreciation. That is           value of asset/life time of asset*100.

GCi

• Oct 28th, 2005

You can repet the Deprication run procedure by selecting the Repeat run option ---- BY GCI

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Ragini tiwari

• Mar 19th, 2007

Following are the steps:1.First activate the Dep areas(book & tax) in asset class.2.Assigng Dep key to Dep Areas either at Asset class level or Asset master data level.3.Assign Screen layout to de...

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Ragini Tiwari

• Mar 27th, 2007

Asset Accounting component in SAP is meant for managing and supervising fixed assets and their values.

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Depreciation is the decrease in the value of an asset due to wear & tear, obsolscense, laps of time.

shweta meravi

 Profile Answers by shweta meravi Questions by shweta meravi

• Dec 10th, 2007

Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets  due wear & tear, Obsolence.

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Ghbhatti

 Profile Answers by Ghbhatti Questions by Ghbhatti

• Jun 5th, 2008

Book depriciation is that which we follow the method or book the depriciation. And derived depriciation is that which is already held the method or derived the rate of method of depriciation.

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mahesh.kochi

 Profile Answers by mahesh.kochi Questions by mahesh.kochi

• Jan 19th, 2009

Fictitious assets means any expendicture, the benefits which will be spread over a period of time not only to the current period. Any expendicture we made for huge advertisements resulted for a period of time. hence its is classifying as fictitious asset.

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Example, building an expansion of building , but need to rental an equipment to complete this project.

ketavarapu

 Profile Answers by ketavarapu Questions by ketavarapu

• Dec 7th, 2007

Yes, as it will be added to the cost of the project

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sridhar333

 Profile Answers by sridhar333 Questions by sridhar333

• Mar 6th, 2008

General reserve: it is an appropriation of profit role: general reserve is created in-order to meet the future known and un-known liabilities....

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How can we made calculation of Fixed Assets?

Venugopalnair_s

 Profile Answers by Venugopalnair_s Questions by Venugopalnair_s

• Jun 25th, 2008

Could you please elaborate the question..I think your question is regarding depreciation calculation.

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Explain the nature and accounting treatment for fixed asset.

balajinanduri

 Profile Answers by balajinanduri Questions by balajinanduri

• Jul 8th, 2009

Once the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.As per the company procedures depreciation will be calculated. Depreciation fund will be maintained.

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What type of depreciation is calculated for cold mines ?

shruti.a.jain

 Profile Answers by shruti.a.jain Questions by shruti.a.jain

• Apr 20th, 2009

Written Down Method

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If we do why it would not appreciate in value?

Aditya

• Aug 12th, 2011

Depreciation refers to decrease in the value of assets due to fear of obsolete and use, in-fact most of the assets have limited useful life. but there are some examples like land value of which almos...

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How to transfer asset work in progress to capital ?

Pankaj JIndal

• Feb 10th, 2015

The conveyance of something of value from one person, place, or situation to another

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