Yes, it is possible to switch from the Double Declining Balance Method to another depreciation method, but there are specific considerations to keep in mind. So, in the first year, the company would record a depreciation expense of $4,000. As a result, at the end of the first year, the book value of the machinery […]
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However, it differs from this conceptually because it’s considered to be earned rather than invested. The normal balance in a profitable corporation’s Retained Earnings account is a credit balance. This is logical since the revenue accounts have credit balances and expense accounts have debit balances. For larger, more complex companies, this will be all units […]
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Content DEPRECIATION AND AMORTISATION AREN’T CASH How healthy is my business? How to Calculate Operating Cash Flow (With Example) Operating cash flow is a good marker for all businesses But in the latter case with negative OCF, the company must seek external financing sources to meet its reinvestment spending needs, e.g. via equity and debt […]
This method is particularly useful for assets that are expected to lose value more quickly in their early years of use and then decline at a slower rate over their useful life. For example, it assumes that the asset depreciates at a constant rate over its useful life, which may not always be the case. […]
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