It has no limits of years or its depends on the year ?
@mauricesheridan651411 күн бұрын
@@NabukaluJoanitar this is just how to calculate override the life of the asset. Each depreciation calc is for one year
@AlausaajimohOluwakemiАй бұрын
Reason why the calculation is not 22000*4500
@mauricesheridan6514Ай бұрын
@@AlausaajimohOluwakemi the depreciation is reducing the value of the asset, 45% can be calculated as 0.45. Hope this helps
@londekadlamini16092 ай бұрын
absolutely helpful
@mauricesheridan65142 ай бұрын
Glad you enjoyed if.if you think your classmates would find this helpful shre it with them. 😎
@thresasesa56763 ай бұрын
This is amazing 😍😍 WOW thank you so much
@boinemgendua99134 ай бұрын
2024 here thanks ,it really helps me
@mauricesheridan65143 ай бұрын
I’m glad if was helpful, good luck with your studies
@quantlab77504 ай бұрын
Great video. However since the salvage value is lower than the book value, this means the business would incur a loss. They however would benefit from tax savings on disposal of the asset.
@mauricesheridan65144 ай бұрын
Yes that is correct. Tax is for another course
@luciandofeni74454 ай бұрын
😊
@mauricesheridan65144 ай бұрын
Glad you enjoyed it
@kamalizasifa81575 ай бұрын
Why did you record selling in payment?
@raccoon8745 ай бұрын
*lovely voice Maurice*
@ahanafsharear84764 ай бұрын
😂😂😂
@LondiweMpembe6 ай бұрын
Nice n understanding
@haiderbangash997 ай бұрын
thank you mam tomorrow is my paper i am done now wohooooo😅❤!
@swimming_chips9 ай бұрын
Thx
@JudithNatukunda9 ай бұрын
This is so much helpful. Thank you.
@nowshinahmed88519 ай бұрын
could you tell me how you calculated the depreciation rate?
@ikiser733110 ай бұрын
sağol hacı abey
@user-kc1vo2yt3d11 ай бұрын
Excuse me Po ,May I ask a Quistion Questions are written down value and book/carry value are One ?? There are thy same ??
@uzenyx1736 Жыл бұрын
hi
@user-kw7fw7ik4y Жыл бұрын
You are the best
@conamore7887 Жыл бұрын
Australians have a cool accent
@mauricesheridan6514 Жыл бұрын
Thankyou for your compliment
@mixsmirai Жыл бұрын
Thank you for this very informative video. Does this mean the Tigers will finally win their next game?
@mauricesheridan6514 Жыл бұрын
Well I am hoping that they will. Glad you enjoyed the video. Good luck with your studies
@user-uz4vm2sp4m Жыл бұрын
ممكن أن ترسل كتاب هذة المادة الاندثارات
@mauricesheridan6514 Жыл бұрын
Sorry I cannot send the copy of the questions
@kamerkissedrin5678 Жыл бұрын
Thanks
@kristianhans7588 Жыл бұрын
I have an exam in 3hrs wish me luck
@mauricesheridan6514 Жыл бұрын
Hope your results were what you were looking for
@dorcusmwansa4136 Жыл бұрын
Woow thank you so much sir
@oratilesnow1986 Жыл бұрын
I have a test tomorrow and when the lecture explained I didn't get anything but after you explained I'm very confident that I will nail it tomorrow 🥰. Thank you sir
@mauricesheridan6514 Жыл бұрын
I hope you test went well. I am glad you like the video.
@olayeninice7144 Жыл бұрын
this is great thanks! tho I've got a question, in a case where we were given Asset, Cost, and estimated life and we were asked to solve for estimated value using reducing balance? how do we go about that?
@joewachter8257 Жыл бұрын
Seriously thank you
@joewachter8257 Жыл бұрын
I’ve learned more from this video than from a month taking a college financial accounting class
@shermadrummond15622 жыл бұрын
Very easy to follow, thank you.
@mukhammadmaksudkhodzhaev37542 жыл бұрын
Why did you include interest received to operating section, not investing?
@mauricesheridan65142 жыл бұрын
Interest received is the same as interest expense and as an expense it should be shown in the operating activities. There is an argument that it should be financing because it relates to loans. The Publicly listed companies in Australia all classify interest as an operating activity jn their cashflow statements
@radhacdradha8782 жыл бұрын
Thank you mam 😊
@mauricesheridan65142 жыл бұрын
I'm glad you enjoyed my video. Check out my channel there are a heap more on accounting.
@cycy7692 жыл бұрын
Thank you so much for sharing your knowledge sir. I’ve learned so much from you. God bless!!
@mauricesheridan65142 жыл бұрын
I'm glad you enjoyed my videos. I hope you do well on your exams.
@braneltelesford32352 жыл бұрын
I love it❤️
@franciscarmutiso58072 жыл бұрын
Teach about bank reconciliation
@mauricesheridan65142 жыл бұрын
Here is a link to a bank reconcilation exam question from a few years ago. I hope you enjoy it. Let me know what else you need and I will see if i have a recording for it. kzbin.info/www/bejne/rXaXop2MprWJfLM
@user-pt5jv1er2x2 жыл бұрын
Thanks for this video sir.
@bukenyajonathan84392 жыл бұрын
Am completely confused
@mauricesheridan65142 жыл бұрын
What are you confused about?
@chimammeje23882 жыл бұрын
the way you teach is incredible, Maurice....thank yoU!
@chimammeje23882 жыл бұрын
this was great.....thank you!
@chimammeje23882 жыл бұрын
Hello Maurice...I remember watching an earlier video where you added the figure for accumulated depreciation for vehicle with the figure from straight line calculation... so that would have been 4000 + 5000 In this exercise, you only added the calculated depreciation cost of 5000 How do I know when to use only the calculated cost of depreciation vs combining with accumulated depreciation to form one figure
@mauricesheridan65142 жыл бұрын
Chima, In relation to this question there is no depreciation expense calculated in the table, so that is the process of creating the depreciation expense ($5,000). Where I would have added this number to, would have then been in the balance sheet. Add this calculation to the accumulated depreciation to show the full amount related to that asset. So depreciation appears in the Income Statement as an expense related to that period and in the Balance Sheet as negative asset. Hope this helps
@chimammeje23882 жыл бұрын
@@mauricesheridan6514 Yes it does, thanks!
@camillacodognotto9912 жыл бұрын
Thank you!!!!
@chimammeje23882 жыл бұрын
Doing my Msc, and I've learned more from KZbin than anything they've taught me in class
@mauricesheridan65142 жыл бұрын
Glad you got something out of it. Share it around. Good luck with you Msc.
@Queen_Zara_X_Tanvir723 ай бұрын
Cause you focused in KZbin die to your exam , like not in the class 😅
@ksprincess23452 жыл бұрын
Al hamdulillah 34 years of success.Such an authentic and useful information for the clearance of your doubts. Specially for those who believe in QUALITY EDUCATION. 👇 kzbin.info/www/bejne/qnSqqKyQpqmqq9k
@gimmecheesecake2 жыл бұрын
Thank you so so much now i have a clear understanding on how to formulate an income statement correctly
@mauricesheridan65142 жыл бұрын
Glad you enjoyed it Goodluck with your studies
@shanimwende23512 жыл бұрын
crystal clear, its very easy to calculate now. thank youuuu
@mauricesheridan65142 жыл бұрын
Glad you liked it. Good luck with your studies.
@yeshvanthkurapati27402 жыл бұрын
Hey nice writing
@mauricesheridan65142 жыл бұрын
Thank you very much. Nobody has ever said that 😊
@Mikalumar2 жыл бұрын
On some parts
@Mikalumar2 жыл бұрын
Quality...
@Mikalumar2 жыл бұрын
Not clear
@ek43182 жыл бұрын
Thank you. Please upload more content :)
@mauricesheridan65142 жыл бұрын
Thanks I'm glad you enjoyed the lesson. Check my channel there is. more content there