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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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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I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com

blossambuddy

 Profile Answers by blossambuddy Questions by blossambuddy

• Aug 6th, 2009

1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method

Vansat

 Profile Answers by Vansat Questions by Vansat

• Jun 11th, 2009

Following are the depriciation methods that are used in FA module: 1. Flat rate method 2. Calculated method3. Table method4. Formula method5. Production method6. STL7. DEMINISHING8. Time-Hour

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Annuity Method Sinking Method Machine Hour Method Production Unit Method.

What are the changes caused by changes made on depreciation rate on the opening balance of the current financial transaction?

hellomanishsharma

 Profile Answers by hellomanishsharma Questions by hellomanishsharma

• Jun 9th, 2010

There are 2 types of Fixed Assets:Tangible fixed assets:  Tangible assets are those that have a physical substance and can be touched, such as Land, Building, furniture & Fixture, Plant &...

Ravindar554

 Profile Answers by Ravindar554 Questions by Ravindar554

• Sep 13th, 2008

There are 3 types of Fixed Asset:-1- Capitalized Assets2- CIP Assets3- Group Assets

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If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and keep it on the books, even although the asset would still be held within the company.For example a old machine thats to big to move but will still be held at the factory.

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 life cycle?

huzefa

• Aug 8th, 2011

The FA cycle is -
1. Procurement
2. Deployment
3. Usage / Consumption
4. Upgradation
5. Disposal.

These are the stages of a Fixed asset.

huzefabhori

 Profile Answers by huzefabhori Questions by huzefabhori

• Nov 8th, 2010

The Asset Lifecycle contains the following:1. Procurement of the asset.2. Deployment of asset.3. Use of Asset.4. Upgrading the asset if required.5. Decommissioning the asset6. Disposal or salvage of asset.

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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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Hanumantharaya.D

• Nov 27th, 2012

Loans & advance shown on the asset side of the balance sheet because this is assets now that why we are shown in the asset side of the balance sheet.

santosh kumar

• Aug 1st, 2011

Loans and advance showing in asset side in BS

Loans and advances is an repayable item to the company so its shown in asset side in BS

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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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What is capitalisation of Fixewd Assets? explain with Example?

Rashmikanta Sahoo

• Oct 30th, 2013

Capitalization means to add the value with WDV of the assets . Here value means the expenditure incurred related to the assets, increase the capacity of assets and it also related to expenditure for...

krishnahr13

 Profile Answers by krishnahr13 Questions by krishnahr13

• Jun 28th, 2010

If a company purchase plant & machinery for its factory use by investing large amount of money and assume that expected life of P&M is 10 years and which generates revenve for the co...

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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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Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?

Laukesh chaudhary

• Dec 29th, 2014

As per As 10 issued by ICAI till the time of asset put to used all exp are booked as the asset . In same nature for which such type of operating exp done.

After asset put to use the exp on asset are capitalized only inf increased the life of asset

hellomanishsharma

 Profile Answers by hellomanishsharma Questions by hellomanishsharma

• Jun 9th, 2010

Loading, Unloading and Installation Charges during the time of shifting of the company cant be capitalised as such these Expenses are of (Opex) Operating Expenses nature.

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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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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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What action do we need to take, if assets is not Captilased last year and request has come after year end books closed (FY June to May) in July month of next year.

what are direct and indirect tax? what do you mean by appreciation of assets? Explain with an example

Priyabrata

• Jan 30th, 2017

We have to capitalise the transport cost as well if its new set up of machinery.

local transporting charges from Islamabad to gilgi

• Mar 11th, 2015

Should not capitilize just operating exp.

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what is the current rate(%) of PF and ESI in private ltd. companyI have needed for my Current JobThanks & rgds.Rajesh

Indrajit soren

• Apr 18th, 2017

I am working in two companies, Can I use same EPF and ESI account deposits. Please Help.

Anil prajapati

• Dec 22nd, 2016

Akanksha, what should we do when employee salary is 20000?

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