How does depreciation treat in financial statements?

[Chibson]

There are some times when the value of a business venture depreciates, some of these may be noticeable while may not be immediately.

 

[Heatman]

Depression is real and we must all try to avoid it at all cost. When we stop worrying unnecessarily we will be able to control being depressed. A lot of people are depressed today not because they can't overcome the situation but because they don't know how to control it and stay happy. Happiness is a choice. Stay happy.

Actually it's not Depression that is being talked about but depreciation of currency. They are both two different things and the latter is very bad for business.

 

[Kaffyfolla]

The depreciation is known as wear and tears of an assets, the percent of the depreciation is charged against value of the asset at the end of financial period in balance sheet

 

[Ayojesu]

Financial Statement Effects Depreciation expense gradually writes down the value of a fixed asset so that asset values are appropriately represented on the balance sheet. On the income statement, depreciation is usually shown as an indirect, operating expense.

 

[Ezekiel]

What makes a business successful is the ability of the management to know how to balance the account of the company,I feel the simplest of all is to know how much profit has been made and how much has been loss

 

[Georgeadawara]

Depreciation is a reduction in the value of fixed assets. so to adjust for depreciation in balance sheet, you remove the total amount of depreciation (otherwise called accumulated deprciation) from the total value of the assets. The remaining amount is known as Net Book Value.

 

[Ezekiel]

In a lame man language what is depreciation,this simply means deduction,every one who is running a business expects increase at the end of the month of year depending on how he or she balances the account,so depreciation is really atreat to business

 

[Heatman]

This is actually one of the biggest challenges that face is most basic businesses because when the forces of depreciation keep on affecting currencies is going to kill of one's business because whatever thing you sell will always keep losing value.

 

[Jlife]

This is actually one of the biggest challenges that face is most basic businesses because when the forces of depreciation keep on affecting currencies is going to kill of one's business because whatever thing you sell will always keep losing value.

When there is depreciation in the value of currency or in economy that means the government of that country is not trying their best in improving their economy, is not actually the best.

 

[Bousine123]

Depreciation is a great treath to financial statement, and if not properly treated might lead to financial bankruptcy. That's why you need good money management skills.

 

[Heatman]

When there is depreciation in the value of currency or in economy that means the government of that country is not trying their best in improving their economy, is not actually the best.

It's actually a very big problem in most African countries at the moment with how their currencies keeps being useless when it's compared to dollar or euro.

 

[kayode10]

Depreciation is an opportunity to make money because the price of the stock and shares will be much more cheaper. most investors are always happy when the price of stock are going down because they are going to buy cheap.

 

[Senator]

If you for instance get a new machine for your production in your business, the machine at thatevel will naturally increase production and hence profits in the long run. But over time, depreciation sets in via wear and tear and quantity produced starts to diminish. This will reflect in the accounting statements as depreciation

 

[Richard92]

This your write up looks complicated to me more like an accounting outline.

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Post automatically merged: Feb 28, 2021

depreciation is not necessarily annual wear and tear in an assets. Its not until the year runs out before the record is noticed. As long as there is a constant record of each financial statement of production. They can deduce the depreciation from it.

There is no one who won the position in his business and no one wants to have losses in their businesses reduce you have to be very careful when investing in any business.

 

[Dagm1]

Anxiety is actually genuine as well as our team should all of attempt to prevent it whatsoever expense. When our team quit fretting needlessly we'll have the ability to command being actually clinically depressed. Since they have no idea ways to command , Some people are actually clinically depressed today certainly not since they cannot conquer the circumstance however

 

[Psalmseen]

Depreciation is known to be the wearing and tearing of assets due to usage and passage of time. Depreciation is treated as an expenses in the financial statement, In the profit or loss

 

[Thinker009]

I think in the financial statement , depreciation is charged under liability ,I think the company would be owing since there is reduction on the economic value of an asset

 

[Jlife]

It's actually a very big problem in most African countries at the moment with how their currencies keeps being useless when it's compared to dollar or euro.

Seriously every government leaders of Africa should be looking for a way they can be able to improve their economy, a country like UK have a solid economy that their money has never shake.

 

[Yusuf]

I really dont know how depreciation is done in accounting just because of the fact that I'm really not good or vast in that particular level to some extent.

 

[Kelly5]

The productivity capacities of production machines used as a factor of production depreciates with time. And this depreciation comes with it's cost effect on the business and is been posted on the debit side of the account balance as a loss in value