WebbDuring the final audit, the focus is on the financial statements and the assertions about assets, liabilities and equity interests. At this stage the auditor will design … Webb24 jan. 2013 · Depreciation Is the cost less the estimated residual value spread over the estimated useful life of the asset. If the life is long, depreciation might not be needed …
EBIT vs EBITDA - Pros & Cons and Important Differences to Know
WebbWhy is depreciation provided? answer choices to estimate the cost to the business of wear and tear to spread the cost of an asset over its useful life to set aside funds or future repairs to the asset to show market values in the statement of financial position to estimate the cost to the business of wear and tear alternatives Webbdepreciation monthly at 20% per year on cost. The company's plant and machinery account for the year ended 30 September 20X4 is shown below: PLANT AND … fnaf the movie youtube
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WebbDepreciation is required for the building element. Option 3: Land element is measured as prepaid lease payments that are amortised over the lease term. While the buildings … WebbDr. Accumulated depreciation Cr. Disposal Dr. Depreciation Cr. Disposal Question 6 900 seconds Q. Cost : RM18,000 Residual Value : RM3,000 Useful life : 3 years Date of purchase : 1 Jan 2024 Financial year end at 31 December every year . Calculate the depreciation expense using straight line method. answer choices RM5000 RM10000 … Webbdepreciated. Is the adjustment a prior period adjustment? Yes. Correction of this would be treated as a prior period error and adjustment as the company should have … green tea allergy cosmetics