What is recoverable depreciation?
Let’s learn what is recoverable depreciation. The most accurate or helpful solution is served by Yahoo! Answers.
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insurance sent me a check for about $1500 with "recoverable depreciation" of about $5000. So the total replacement cost was about $6500 for my 13x10 shed. I can get a much bigger shed for less than $6500, how would that work? Also, would they...
Answer:
Yes, you can. As long as you build AT LEAST the same quality as before, like materials, etc, you'd still...
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Other solutions
1. A company purchased factory equipment on April 1, 2010 for $64,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, what is the amount to be...
Answer:
1) 64000-8000=56000 56000/10 years= 5600 5600*9/12=4200 2) yr 1 36000 144000-36000=27000 yr 2 11700...
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Along the same lines, the cost principle requires an asset to be initially recorded at cost. Depreciation causes the asset's book value to decrease over the life of the asset. Explain the difference between accumulated depreciation and depreciation expense...
Answer:
Accumulated depreciation is the depreciation expense so far for a given asset. This goes on the balance...
Daddy's Girl at Yahoo! Answers Mark as irrelevant Undo
I've been reading this accounting book and both these words seem similar. What's the difference?, how am I supposed to know if something is a Depreciation and not Accumulated Depreciation. Please someone explain in "simple English"
Answer:
Depreciation is what happens during one given period of time, for example a fiscal year. The rate depends...
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what the different between provision of depreciation and accumulated depreciation?
Answer:
The first, I presume is the provision ( for ),made in a year, by your accountant for the expected depreciation...
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In recent years Erin Ltd purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information...
Answer:
Machine 1 ($135,000 - $7,000) / 10 years = $12,800 per year $12,800 per year x 4 years = $51,200 accumulated...
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Answer:
Recoverable Depreciation may be recovered from the insurance company. Recoverable depreciation usually...
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Answer:
The "Recoverable Depreciation" is an amount that the ins. company withholds from the check...
Anonymous at ChaCha Mark as irrelevant Undo
Millinery equipment acquired on january 3, 1994, at a cost of $42,000, has an estimated useful life of 4 years and an estimated residual value of $2,500. a. What was the annual amount of depreciation for the years 1994, 1995, and 1996, using the straight...
Answer:
Find the range of values that it can depreciate by subtracting the residual value from its cost. $4...
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What are the major differences between Depreciation and Obsolescence ? what i know is Depreciation is the loss of value of a property from time to time because of wear and tear of ...show more
Answer:
Just the speed at which the loss in value of the item occurs. Sort of like a slow raising if the tide...
AJZV5UITVAL57Y4NTEES7OA4LA at Yahoo! Answers Mark as irrelevant Undo
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