Depreciation Assignment & Homework Help Online

Are you struggling with Depreciation Assignment? Do you need Depreciation Assignment  Help? Depreciation Homework Help?

Our team of Accounting experts equipped with PhDs and Masters can help on a wide range of Accounting assignment topics.

Depreciation means the allocation of the cost of fixed Asset to a period in which services are received from the asset. The principal causes of depreciation are wear and tear, Effluxion of time, depletion, obsolescence.

The following factors must be considered while estimating depreciation:

• Original cost of asset.
• Estimated useful life of the asset.
• Estimated salvage value of the asset.

Methods of Depreciation

1. Straight line method

The straight line method of depreciation is the simplest of all. Every year a fixed amount is written off as depreciation. The amount is arrived at by dividing the original cost(less estimated value salvage value, if any) of the asset by the number of years of the estimated life.

Annual Depreciation = Cost of the asset-Estimated Scrap value

Estimated life

2 .Declining Balance Depreciation

This method is also known as the reducing installment method. The annual charge for depreciation is calculated by applying a fixed percentage on the diminishing value of the asset. Larger amount of depreciation is charged in the earlier years of the asset than in the later years. This method is commonly used and considered prudent as it counter balances the charges for repairs and depreciation. In the earlier years the amount of depreciation is high but the repairs will be light and vice versa.

Entries Required   Entries to be made on writing off depreciation

Depreciation A/c

To Asset A/c

The depreciation account goes to the debit of the profit & Loss a/c. The asset appears at its reduced value in the balance sheet. An alternative entry is

Depreciation A/c

To Provision for Depreciation A/c

In this case too, depreciation goes to debit of P/l A/c. The value of asset continues to be the same every year in the balance sheet. The depreciation written off is accumulated in a separate account –Provision for depreciation A/c which appears in the liability side of Balance sheet or as deduction from value of the asset concerned.

Want to know how to proceed?

Fill up the assignment help request form on the right or drop us an email at support@helpwithassignment.com. Feel free to contact our customer support on the company 24/7 Live chat or call us on 312-224-1615.

HelpWithAssignment provides timely help at affordable charges with detailed answers to your assignments, homework , research paper writing, research critique, case studies or term papers so that you get to understand your assignments better apart from having the answers. The team has helped a number of students pursuing education through regular and online universities, institutes or online Programs.

Drop files here or click to upload.

How It Works

Step 1

Assignment

Step 2

Get A Price Quote Within Minutes

Step 3

Make The
Payment

Step 4

Step 5

Customer Reviews

“Iknew my research proposal needs to be fantastic to create the first impression.I am a regular client of HelpWithAssingment.com and things worked out fine. Notonly did they help me identify the topic but also at the same time they wrote afantastic research proposal which had impressed my professor very much

Iwas apprehensive to begin with. I had bitter experiences with online serviceproviders for assignments and homework essays during my masters. But the onlinedissertation help expert assigned to me by HelpWithAssignment has beenextremely responsible and professional in his approach to my subject of choiceand the research work has been totally as I had wanted. We are on a good path Ifeel.

Iwas badly stuck with an argumentative essay writing assignment when I startedsearching for help on the net. I never thought that I will get any sort ofspecialized help for the Australian universities and when HwA promised todeliver that, I thought why not? Then I chatted with the expert and I got toknow that she was also from the same university as I am in. It was kind of coolas she knew my syllabus and helped me out by writing and excellent essays whichhelped me get great grades.

Oliver Stuart Brown Essay: , Deadline:

Definitely helped when was in a pinch. Arrived well written and on time for the deadline. Thank you!