Bus 214 chapter 17 by Jeneé Marie Turkle https://padlet.com/jturkle836/99b9gfm4rd0s depreciation en-us 2018-09-15 22:30:39 UTC 2024-07-14 18:30:49 UTC hello@padlet.com Purpose of the straight line method jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287161347 attempts to distribute the same amount of expenses to each period of time ]]> 2018-09-28 23:37:43 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287161347 depreciation book definition jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287162953 In a systematic and logical way, companies must estimate the asset cost they show as an expense of a particular period.

(decrease in value over time)]]> 2018-09-29 00:06:37 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287162953 asset cost jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163389 amount the company paid for the asset including freight and charges relating to the asset]]> 2018-09-29 00:14:29 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163389 estimated useful life jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163431 number of years or time periods for which the company can use the asset
(when it should be replaced/ no longer valuable)]]> 2018-09-29 00:15:17 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163431 residual value jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163492 expected cash value at the end of the asset's useful life
(probably pretty low)]]> 2018-09-29 00:16:22 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163492 Book value jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163691 shows the unused amount of the asset cost that the company may depreciate in future accounting periods. At the end of the asset's life, the asset's book value is the same as its residual value
*can't be less than residual value]]> 2018-09-29 00:19:49 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163691 Depreciation expense jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163804 2018-09-29 00:21:26 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287163804 Depreciation per unit jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164176 2018-09-29 00:27:39 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164176 video example of depreciation expense being worked jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164232 2018-09-29 00:28:51 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164232 Modified Accelerated Cost Recovery System (MACRS) jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164270 depreciation for tax reasons, result of the tax reform act of 1986]]> 2018-09-29 00:29:41 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164270 example problem of the straight line method jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164404 2018-09-29 00:32:06 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164404 video example of the straight line method being worked jturkle836 https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164626 2018-09-29 00:36:14 UTC https://padlet.com/jturkle836/99b9gfm4rd0s/wish/287164626