Hello, Guest   |   Login here

21st TT: Adjustments, Depreciation of Fixed Assets (O97C)

BIS Ltd. has been using vehicles, computers and furniture throughout the year to keep the business rolling. At the end of every year we have to account for the cost to the company caused by the use of these assets, as usage depreciates the value of the asset.

The following is what is known as straight line depreciation for each type of fixed asset, set at 20% per year, which assumes that depreciation will be fully complete within five years. Depreciation percentages by year are usually set by tax authorities based on the type of assets:



Subscribe today and learn the fundamentals

Hello,
It seems you don't have access to the exclusive content of The Course.

In order to gain access to the content of The Course you will have to register with EntreprenAble. Membership with EntreprenAble will also give you access to our interactive Business Game and Accounting Simulations.

Subscribe today and get:

  • Unlimited website access to The Course
  • Optimized view for Desktop, Tablet and Mobile devices
  • Free 7-day, no obligation trial - normally £15
Start free trial
Test-drive the system for free
Page 1 of 3 1 2 3