Question

Assume that you are running a small business and perform the following by assuming the values for Cost of Asset and salvage value (4+4=8 Marks)
A.1. Select all the depreciable assets of your company and explain different methods of depreciation
A.2 Compute the depreciation under Straight line method, unit of Production and written down value Method by assuming that the useful life of the asset is for 5years (2015-2020) (4+4+4=12 Marks)
A.3 Justify which method of depreciation is best suitable for the organization (5 Marks)​

Answer 1

23500

Explanation:

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Answer 2

Answer:

There are various methods for calculating depreciation. A company can adopt any of these methods of calculating depreciation depending on its needs. Some of the methods for calculating depreciation are: 1. Straight-line method 2. Written down Value method 3. Annuity method 4. Sinking Fund method 5. Production Unit method So let us study the methods of calculating depreciation in detail.