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Should depreciation on a 40 year shingle be the same as a 20 year shingle in OKlahoma on a roof 6 years old?
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.
What else can I help you with?
What should you do with your car if you leave the country for 2 years?
Sell it. Consider the effects of depreciation on the value of the car.
What are the effect of depreciation on profit and loss and balance sheet?
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.
How do you calculate software depreciation?
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.
I am preparing expense budget for 5 years how do i show and calculate depreciation expense?
First of all capital expenditure should be estimated and after that on the basis of fixed assets purchase assumption depreciation can be calculated.
Does a 50 roof shingle last 50 years?
Nope
What are the differences between straight line depreciation and double declining depreciation methods?
The main difference between straight line depreciation and double declining depreciation methods is the way they allocate the cost of an asset over its useful life. Straight line depreciation spreads the cost evenly over the asset's life, while double declining depreciation front-loads the depreciation expense, resulting in higher depreciation in the early years and lower depreciation in later years.
Which type of depreciation method accelerates depreciation in the early years of an asset life?
Straight line
Is Depreciation amount differs in leap years?
No.
Make a sentence with a word depreciation?
The accountant calculated the depreciation of the computer over a period of five years.
What is the typical depreciation life of computers?
The typical depreciation life of computers is around 3 to 5 years.
What is the average lifespan of a typical asphalt shingle roof?
5 years
Straight line method of depreciation?
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.
