Day: April 9, 2019

double decline method depreciation

Double decline method – PU 2011 Spring (Or)

Double decline method, straight-line method, units of production method Financial Accounting-II – Property, plant, and equipment PU 2011 Spring Q. No. 3 Or On 1st June 2011, Asada Trading Company purchased an oven at a cash price of Rs. 840,000. While purchasing the machine it incurred shipment insurance Rs. 84,000, custom duty Rs. 60,000 and …

Double decline method – PU 2011 Spring (Or) Read More »

straight line method of depreciation

Straight line method of depreciation – PU 2011 Fall

Straight-line method of depreciation, acquisition entry, depreciation journal entry Financial Accounting-II – Property, plant, and equipment PU 2011 Fall Q. No. 5a Pradeep & Company purchase several assets for Rs. 1,50,000. The estimated market value of the assets was as follows: Land                            …

Straight line method of depreciation – PU 2011 Fall Read More »