Depreciation 1

ACCOUNTING FOR DEPRECIATION Prof. C. P. Gupta

Learning Objectives… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Fixed Assets … ,[object Object],[object Object],[object Object]

Characteristics of Fixed Assets … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Capital Expenditure vs Revenue Expenses

Test your understanding about Fixed Assets …

Identify from the following which are fixed assets and which are not. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Cost of Fixed Assets … A challenge…

Cost of a fixed Assets includes… ,[object Object],[object Object],Day of Operation Before, Capital Expense After, Revenue Expense

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Costs of Acquiring Fixed Assets Include:

[object Object],[object Object],[object Object],[object Object],[object Object],Costs of Acquiring Fixed Assets Exclude:

Indicate which of the following items will be taken as part of Fixed Asset Costs. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LEARNING BY TESTING

Accounting for Fixed Assets – Purchase and Other Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object]

Where are they shown in the books of accounts?

Depreciation … Please note that fixed assets are subject to Depreciation.

Depreciation… ,[object Object],[object Object],[object Object]

Depreciation ………..??? ,[object Object]

Objective behind Depreciation ,[object Object],[object Object],[object Object],[object Object]

Depreciation 1

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Depreciation 1