WebA: Depreciation expenses under Sum-of-year-digits method Depreciation Expenses = Remaining usful life… Q: An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit…

Sum of the years

WebStep 1: Calculate Sum of the Years’ Digits Sum of the years’ digits = 4 + 3 + 2 + 1 = 10. Step 2: Calculate the Depreciation Base Depreciation base = $12,000 – $2,000 = $10,000. Step 3: Calculate the Remaining Useful Life We need to count the remaining useful life from the asset’s timeline rather than the accounting periods’ perspective. WebThe sum-of-the-years' digit depreciation method applies a uniform depreciation rate each period to an asset's book value. a. True b. False The correct answer is: False Question 8 The acquisition cost, estimated salvage value, and estimated life of an asset are needed to calculate the depreciation expense of an asset. a. True b. False matthew 7 vs 24-27

(PDF) DIT First Years Assignments stacy kgotleng

WebStep 1: Calculate the sum of the years’ digits in an asset’s useful life. For an asset having a useful life of 4 years, the sum of the years’ digits will be calculated as follows: Sum of years’ digits = 4 + 3 + 2 + 1 = 10. WebThe sum of years method uses the expected life and adds the digits for every year to give the final depreciation expense amount. Say, the useful life of the asset is 5 years. So, the sum of the years is obtained by adding up the year’s digits as 5+4+3+2+1 = 15. Web20 Jul 2009 · • Metode jumlah angka tahun (sum of the years digit method) Metode ini adalah salah satu metode penyusutan yang dipercepat. Dasar penyusutan dalam metode ini sama dengan metode garis lurus yaitu taksiran nilai buku aktiva (Nilai perolehan-taksiran … matthew 7 vs 6 commentary