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Question: What is the difference between the different depreciation methods

Answer: Different Methods Of Dpn .

Straight Line Method

Diminishing Value Method

Annuity Method

Depletion Method

Written Down value Method



Category Fixed Assets Interview Questions & Answers - Exam Mode / Learning Mode
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Question: What is the difference between the different depreciation methods


Answer:

Different Methods Of Dpn .

Straight Line Method

Diminishing Value Method

Annuity Method

Depletion Method

Written Down value Method
Source: CoolInterview.com


SLM: In this method depreciation will calculate fixed in every year. Ex: furniture 10,000 depreciation at 10%. At that time every year charge 1,000.
WDM : in this method dep. will calculate on the asset at the year end value. Ex. funiture 10,000 dep. 10% 1st year dep. will 1,000, 2nd year dep. will calculating on 9,000 at 10%, so dep. will be 900. Source: CoolInterview.com

Answered by: Raghavendra Reddy | Date: 6/1/2009 | Contact Raghavendra Reddy Contact Raghavendra Reddy

as we know there are more than 7 methods are available to provide depreciation but the companies are bound by the INCOME TAX ACT.1961 TO FOLLOW THE WRITTEN DOWN VALUE METHOD TO FILE RETURN "u/s-32. Source: CoolInterview.com

Answered by: JAVED ANWAR KHAN | Date: 7/1/2010 | Contact JAVED ANWAR KHAN Contact JAVED ANWAR KHAN


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