WebIn this video, we explore fixed installment loads, open-ended installment loans, finance charges, Annual Percentage Rate, and Unearned Interest. We do calculations and example problems for... WebApr 22, 2024 · Fixed installment method is also known as straight line method, original value method and original cost method. Under this method, depreciation is charged on fixed asset equally each year. Depreciation is calculated on either percentage basis or life of asset basis. There are two methods for accounting treatment.
What Is An Installment Loan? Rocket Money
WebMar 21, 2024 · The Straight Line Method of depreciation is also called as Fixed Installment Method or Fixed Percentage on Orginal Cost Method. In this Straight Line method, … WebAccording to fixed instalment method, the depreciation is calculated on (a) Balance amount (b) Original cost (c) Scrap value (d) None of them Answer: B Q.7 Salvage value means (a) Definite sale price of the asset (b) Cash to be received when life of the asset ends (c) Cash to be paid when asset is disposed off (d) Estimated disposal value Answer: D imountek sprayer paint thinner
Diminishing or Reducing Balance Method of Depreciation ...
WebDifferent Methods of Charging Depreciation. 1. Straight Line (Or) Fixed Instalment Method. This is the oldest and simplest method of charging depreciation. The life of the asset is estimated and depreciation is written off equally over the life of an asset. The amount of depreciation is such that the book value of the asset is reduced to zero ... WebA Solved Numerical Explaining the Calculation of Depreciation under Straight Line / Original Cost or Fixed Installment Method and Preparation of Assets Accou... WebApr 22, 2024 · Fixed installment method is also known as straight line method, original value method and original cost method. Under this method, depreciation is charged on … imou nvr1104hs-w-s2