FA 38 - Double Declining Balance Depreciation Example

Рет қаралды 61,758

Tony Bell

Күн бұрын

Пікірлер: 43

@Kyperium 2 ай бұрын

My professor is useless when it comes to teaching. Your vidoes are the only reason I'm passing my accounting class

@hameddadras 2 жыл бұрын

Thanks a lot for the great content. I'm a senior software engineer and recently started working on the Accounting Module of an ERP solution, which is offered by a software enterprise. I can say your videos made it really convenient for me to learn and understand the accounting principles as someone, who doesn't have any background about it. Needless to say, I shared your videos with a lot of my colleagues and friends. Thanks a zillion!

@NahomMakabazgi Ай бұрын

I always watch your videos after my classes and it's helpful. Thank you so much!

@teeyoo9315 Жыл бұрын

This is the most helpful accounting professor on KZbin. :)

@Elllovesmakeup 5 жыл бұрын

You are an absolute lifesaver!

@elish.228 Жыл бұрын

Appreciate the stories u tell about canada,i am going to study finance in vancouver so it is so helpful😉

@Raflm 4 жыл бұрын

Good explanation at the end! Thanks

@enchantress1772 3 жыл бұрын

Thank you so much I have a test today and it helped me alot ♥️

@99Load 3 жыл бұрын

Excellent videos Tony!! Much appreciated of you...

@roseb.5367 Жыл бұрын

Thank you,i watched your videos before my exams and i did well. I appp

@ZarlashtMiakhail 9 ай бұрын

Excellent explanation. You are a lifesaver!

@LenaSlavova Жыл бұрын

Tony, why do we put a 1 at the front, like where did the fraction 1/5 come from? I get it's five years but why the 1 is there?

@Tony-Bell Жыл бұрын

It's just to come up with a percentage - remember, we are depreciating an asset over 5 years, so each year ought to be 20% (1/5) - but in this case, we double it!

@asap_n8 2 жыл бұрын

"how many times my butt hit the seat" hahaha 11:30

@tanzeemahmed637 3 жыл бұрын

Excellent Explain Thanks Sir Tony

@pubgmobileclashroyale4725 4 ай бұрын

Hello Tony, you said that companies can manipulate the expenses to get lower income tax, what if company decides to use Units of Production method to manipulate income tax? What government will do? Also, there is estimated 100,000 km for 5 year, what if car goes like 150,000 or less than 100,000 km? What about faking operating expenses to get less income tax?

@Tony-Bell 4 ай бұрын

The government won't allow it. They are forced to use a specific depreciation method for tax purposes. It differs by country, but since this is so easily manipulated, tax authorities get very specific about how to depreciate assets.

@pubgmobileclashroyale4725 4 ай бұрын

@@Tony-Bell Okay, Thanks for responding, Have a great day👍

@sumonko5293 4 жыл бұрын

Thank you❣️

@sellllmore 4 жыл бұрын

What about Reducing‐Balance depreciation. I read about in Accounting for Dummies. The book is a bit old, is the method still actual?

@Tony-Bell 4 жыл бұрын

I think so, I call it declining, but isn't Reducing balance the same idea??

@sellllmore 4 жыл бұрын

@@Tony-Bell Yeah it is, just in the book it wasn't double or at least it said nothing about it, and the idea was to be more conservative.

@Tony-Bell 4 жыл бұрын

@@sellllmore Ahhh - interesting - it's certainly a valid method!

@sellllmore 4 жыл бұрын

@@Tony-Bell Just checked my other source and they too talk about Reducing Balance method - where they use (for example) 20% from last year's balance, also there is no residual value since the asset never reaches 0. Both sources are UK based so it must be a UK thing. :)

@Ahmad-cu9hp Жыл бұрын

@@sellllmore its the same thing brother dw in my course we say it reducing balance they both are same but method is different here

@nithinks9088 3 жыл бұрын

Thank you very much Sir

@noushrab 3 жыл бұрын

Great one. Thank you so much :)

@jamesagyapongaidoo7481 5 жыл бұрын

you are good

@haileygant4405 8 ай бұрын

haha love the butt hits on the chair analogy! hahaha

@sharansalwahan901 Жыл бұрын

Thnk u so much sir

@kaylamariepunzalan7180 4 жыл бұрын

Thank you so much!!!

@joezef7831 11 ай бұрын

can you please please please please do the sum of years digit method. I tried other KZbinrs , its even hard to watch them , once you go tony you never go back

@Tony-Bell 11 ай бұрын

Haha - thanks - flattery goes far with me! I'll add it to my "to do" list - but it will be quite a long time before I can get to it.

@joezef7831 11 ай бұрын

@@Tony-Bell omgmvmgftttt you replieddddddd thankkkyou so much for being the bestyBEST teacher. you have fans tony

@juancorzo533 3 жыл бұрын

Love your work man ! Btw - You should have the pattern for the butt plugging method of depreciation !

@M23jnba 3 жыл бұрын

my dad is convincing me to buy a tesla instead of a camry. I want to buy camry because it will give me more usage for my money. I want to prove to him that but I don't know how to bring out the calculation to him that includes everything cost of gas and tax deduction. Can anyone give their opinons?