Depreciation Methods

Kevin Reynolds
Mind Map by Kevin Reynolds, updated more than 1 year ago
Kevin Reynolds
Created by Kevin Reynolds almost 4 years ago
15
1

Description

0 Accounting Equation Mind Map on Depreciation Methods, created by Kevin Reynolds on 04/05/2016.

Resource summary

Depreciation Methods
1 Straight Line
2 Units of Output
3 Double declining balance
4 Depreciation Concepts

Annotations:

  • The depreciation method is simply the pattern by which the cost is allocated to each of the periods involved in the service life.
4.1 Carrying Amount

Annotations:

  • Property, plant, and equipment are carried on the statement of financial position as their carrying amount.  Carrying amount ist he cost of the property, plant, and equipment less the accumulated depreciation.  It represents the portion of the asset's cost that has yet to be expensed - not the asset's market value.
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