Depreciation Accounting Problem

Accounting questions – Depreciation – SAMPLE SOLUTION


Explain why depreciation is still being charged for the machines even though they are now being measured under the revaluation model.


Depreciation means expiration of the cost of the fixed assets concerned during the period for which accounts are being prepared in other words it means the cost of the fixed assets used up during the period. This must be treated as cost or expense and debited to the profit & loss Account otherwise the profit will not be assessed correctly.
Under revaluation model also depreciation is charged so as to ascertain the true cost of production .It is necessary to charge depreciation as an item of cost for the correct income measurement. Further depreciation is the apportionment of cost over the useful period of asset.
Due to matching concept the amount of depreciation is debited to profit & loss account over the useful life only on the basis of economic benefit derived from such part of asset. Under revaluation model the value of assets are revalued according to fair market value of the assets. The valuers value it on the basis of the realizable value of the particular asset, the minimum value which can be realized from selling the assets. But under this method also depreciation is charged so as to show the true and fair view of both income statement and balance sheet.

 Accounting Assignment Experts Profile:

  • CPA by profession, our accounting assignment help expert is a working professional at Lannick Group, Ontario, Canada. He possesses in-depth knowledge of the accounting principles and holds a reputation for delivering accurate and timely accounting help solutions.
  • Masters from the University of Chicago, she joined HelpWithAssignment as an accounting assignment tutor, four years ago. Since then she has helped many students in their accounting assignments and cost accounting solutions to get A and A+ grades.

Looking for Accounting Assignment Help or Accounting Essay Help? Our team of Accounting experts with several years of teaching experience would be happy to help you with your assignments. is the #1 Accounting Assignment Help Writing Service:  

Accounting assignment

The prominent features of our Accounting Assignment help service include:

  • Timely Delivery
  • Strict Privacy Policy
  • Phd level tutors
  • Customised services for students
  • 100% plagiarism free solutions
  • 24/7 Service Guarantee
  • Prices within budget
  • Money back guarantee
  • Several years of Experience in offering Assignment Help Writing Service

 How does our assignment help service work? 

Nursing assignment help

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




  • HWA

    this is a very good website

  • HWA

    I have 50 questions for the same test your page is showing only 28

  • HWA

    hi can you please help or guide me to answer my assignments. thanks

  • HWA

    hi can anyone help or guide me to my assignments. thanks

  • HWA

  • HWA

    This solution is perfect ...thanks

  • HWA

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA

    Perfect bank of solution. 

  • HWA

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA

    works fine.