sai

• Jan 9th, 2018

Well Explained.

Jyoti WADHWA

• Dec 20th, 2017

We are implementing AM in our organization. Earlier accounting entries in AP module use to db expense a/c and credit AP control a/c and on payment, db AP control a/c and credit bank. but bo...

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How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's an expense. Is it the price of it or what?

vinod kumar reddy

• Nov 15th, 2018

The expenses are of two of two types capital expenses revenue expenses The expenses which increases the earning capacity of asset are called capital expenses and it should be added to fixed asset c...

vijay saxena

• Nov 8th, 2014

Expenses who is spend on assets to increase the life of assets that type of expenses called capitalistic expenses and this expenses are reward as more than one year

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Which are the methods of depreciation?

vinod kumar reddy

• Nov 15th, 2018

Types of depreciation methods:

Straight line method
Diminishing balance method
Sinking method
Annuity method
Sum of years method

Ashrita sahoo

• Nov 2nd, 2011

SLM method & WDV method

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I am trying to retire fixed assets that have fully depreciated. Can I retire it by scrapping

vinod kumar reddy

• Nov 15th, 2018

If any fixed asset which is not generating revenues can retire by the following way: First it should be written off by providing full depreciation and charge to profit and loss a/c For example if as...

Venugopalnair_s

 Profile Answers by Venugopalnair_s Questions by Venugopalnair_s

• Jun 25th, 2008

Yes, by scrapping the same Asset.

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