Question

Explain any two methods of calculating depreciation

Answer 1

Hey Mate

There are three main depreciation methods used by accountants. You need to know salvage value, the useful life and the original cost of the asset. The three main methods are the straight line method, declining balance method and sum-of-the-years'-digits method.

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Answer 2

Methods of calculating depreciation: -

1. SLM METHOD :- straight line method

2. WDV METHOD :- written down value method.

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