Is this to calculate the value of the roof for a warranty replacement? Generally a roof warranty is only for the materials and is prorated based on the warranty period of the roof and the time elapsed. For a 20 year roof the depreciation would be 6/20 or 30% of the original material price of the shingles. For a 40 year roof it would be 6/40 or 15% of the replacement cost of the shingles. Read the warranty that came with your shingles to get the details of how it would be applied in your case. Local laws may also change how the warranty is applied.
Sell it. Consider the effects of depreciation on the value of the car.
Depreciation is an expense. It should be charged under expense of a P&L Statement. Provision for Depreciation is the total depreciation of a particular fixed asset accumulated over the years. It should be deducted from the figure of the Fixed asset.
Depreciation amounts and time of depreciation (179, 1 year, 5 years, etc.) are based on the class of the asset. Your tax software will help you determine which class the software belongs to and the depreciation amounts for tax year 2007 and following. The IRS.gov website should also have this information.
First of all capital expenditure should be estimated and after that on the basis of fixed assets purchase assumption depreciation can be calculated.
Straight line
Nope
The accountant calculated the depreciation of the computer over a period of five years.
No.
Straight line depreciation method is that method in which fixed amount of depreciation is charged to all fiscal years in which that asset is used.
Straight line depreciation method is that method in which fixed amount of depreciation is charged to all fiscal years in which that asset is used.
5 years
In Oklahoma you must be at least 14 and a half years of age to legally drive a car with a permit, but you HAVE to be 16 years of age to get your licence.