Name nine (9) depreciation methods of fixed assets?

March 11th, 2011 Comments off
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The different methods to calculate depreciation of fixed assets are:

  1. Fixed or Equal Installment method or Straight line method or Fixed Percentage on Original Cost method
  2. Diminishing or Reducing Balance method or Fixed Percentage on Diminishing Balance method
  3. Revaluation method
  4. Depreciation fund or Sinking Fund method
  5. Annuity method
  6. Insurance policy method
  7. Depletion or Production Unit method
  8. Machine Hour method
  9. Mileage Method

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Financial Accounting

 
 

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