Thank for explaing i have the IGCSE EXAM PRACTICE TOMMROW ON SUNDAY ... IF ALL GOES WELL I SHALL PASS AND GO ON THE NEXT GRADE ... GRADE 10 WHERE I DO THE IGCSE EXAM
Your depreciation will be multiplied by the months you owned the vehicle for (e.g 3months) over a year So if I had the car in year one for 3 months. Cost 50k at 30% Deprecation y1 = 50 000 x 3/12 ×30%
You have to deduct all the depreciation for the last years, to get the current value of the car, and then you calculate the new depreciation on that amount. Thats why its 80000 - (2400+1680)×30%
YOU ARE MY LIFESAVER 😢I searched multiple you tubers but only u made sense thank you very much❤🙏
Im so happy that the video helped you!!🥳💕
Love this.. thank God that I saw it before my test... Ahh, I could have been crying.. thank you
Aww, I'm so glad that it could help you, how was your test?
@@missaccounting I am yet to write the test
Any srilankan watching this?
Here!!
yes
Thank for explaing i have the IGCSE EXAM PRACTICE TOMMROW ON SUNDAY ... IF ALL GOES WELL I SHALL PASS AND GO ON THE NEXT GRADE ... GRADE 10 WHERE I DO THE IGCSE EXAM
Thanks it helped a lot I needed it for my exam
Glad it helped!
Can you go over reconciling the GL?
When using the Reducing Balance method and you have a residual value do you have to also subtract the residual value for every financial year?
I hv same question
@@aqsafatima8014 yes,
Good one
Thank you so much!
Very helpful thanks allot
Glad it helped
Your voice is keeping me to follow your channel 😅
😂💜 I appreciate it
Thank you ❤
You're welcome 😊
what if the timeline and cost are not given? My question only has the statement and the rate stating to calculate it on the reducing balance method
Hey Samira, if you have the Balance sheet statement, just deduct the accumulated depreciation from the cost of the asset.
What if the questions stated on monthly/yearly basis?
Your depreciation will be multiplied by the months you owned the vehicle for (e.g 3months) over a year
So if I had the car in year one for 3 months. Cost 50k at 30%
Deprecation y1
= 50 000 x 3/12 ×30%
@@missaccounting alright thanks!
Very helpful❤
Glad it was helpful!
For the 3rd year why is your answer 11 760 ?
I hope this will help: She first added 24000+16800 and got=40800 then she subtracted 80000 with 40800 which gave her 39200 then she multiplied by 30%.
Thank you for explaining Nhlanhla!
So it doesn't uses PEMDAS rule?
life saver
Thank u alot
You're welcome
great work, i completely understood
I am so glad I could help!
Thank u
Thanks a lot ❤
You are welcome glad that this video could help you!
Thankyou
why do you subtract on the following years ? e.g Y1=80 000 multiplied by 30 percent minus 24 000
Am I'm confused about the year 3
80000,_2400+16800 ×30 how do you manage to arrive on this answers plz give me an explanation plz
You have to deduct all the depreciation for the last years, to get the current value of the car, and then you calculate the new depreciation on that amount. Thats why its 80000 - (2400+1680)×30%
Really helped me
Really glad it helped!
Thank youuu
You're welcome!
Thanks alot❤
You're welcome 😊
Guys am confused
Is 80000×30=2400000
She wrote just 24000
Its percentage, 80 000 x 30% = 24 000
easier to remember is 80000x3/100 because percentage full is 100
The sound quality is very low...
Jaat boys attendance here
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i dont know where my comments Go !!!!! you can contact me the account you will find it in my channel
Thank you!
It's educative! I want to be taught over again on Reducing Balance Method of Depreciation. Thanks