Channel: Grooming Education Academy

Category: Education

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Description: In This Video We Will Discuss Final Accounts Depreciation All Concepts, Problems and Examples for Class 11, Class 12, B.com, BBA CA CS and CMA, JAIIB and SSC JE have been discussed by Chandan Poddar Sir For CA Foundation Grooming Education. This Video is Helpful for CA Foundation, CS Foundation, CMA Foundation, B.com, B.com(Hons), BBA, MBA and JAIIB, AFB, SSC JE, and Other Commerce Courses ⬤ 𝐂𝐀 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐮𝐫𝐬𝐞:- escholars.in/s/store/courses/description/ca-foundation-Accounts ⬤ 𝐁.𝐜𝐨𝐦/𝐁𝐁𝐀 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 escholars.in/s/store/courses/description/Bcom-Financial-Accounts-Copy ⬤ 𝐂𝐥𝐚𝐬𝐬 𝟏𝟐 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐂𝐨𝐮𝐫𝐬𝐞 escholars.in/s/store/courses/description/Accountancy--Class-12-Copy ⬤ 𝐂𝐥𝐚𝐬𝐬 𝟏𝟏 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐂𝐨𝐮𝐫𝐬𝐞 escholars.in/s/store/courses/description/Class-11-Accounts ⬤ 𝐂𝐌𝐀 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐂𝐨𝐮𝐫𝐬𝐞 escholars.in/s/store/courses/description/Fundamentals-of-Accounting Watch Next:- ◍ Final Accounts:- youtu.be/vzUmBsDuIjw ◍ Consignment Accounting Chapter in Single Video:- youtu.be/AByER6G9FeM ◍ Issue of Share Complete Chapter in Single Video youtu.be/06PfhfPWBDk ◍ Rectification of Errors Complete Chapter in Single Video youtu.be/l247jJ4Mzuc ◍ Fundamental of Partnership Complete Chapter in Single Video youtu.be/mSoSB82zs34 ◍ Overhead Costing Complete Chapter in Single Video youtu.be/oaXYMEQHFBU Topic covered:- 00:00 What is Depreciation. 04:02 Depreciation charge on cost of asset. 11:53 method of depreciation. 20:05 Summery. 22:27 WDV method. 31:01 How to compute & record depreciation. 50:04 Computation of profit/loss on sale of fixed asset. 01:23:22 Provision for depreciation. 02:14:15 Sum of year of digit method. 02:22:47 Machine hour method. 02:26:50 Production unit method. 02:28:35 Depilation method. 02:31:08 Change in method of depreciation. 02:47:24 Change in useful life of assets. 02:55:24 Revaluation of fixed assets. Queries Solved: Depreciation Class 11, Depreciation in Final Accounts, Depreciation in Class 12, Depreciation in CA, Depreciation in CS, Depreciation in CMA, Depreciation in BBA, Depreciation in B.com, Depreciation in B.com(H), Depreciation in M.com, Depreciation in M.com(H), Depreciation in JAIIB, Depreciation in AFB. Depreciation in Bank PO, Depreciation is the process of deducting the total cost of something expensive you bought for your business. But instead of doing it all in one tax year, you write off parts of it over time. When you depreciate assets, you can plan how much money is written off each year, giving you more control over your finances. The number of years over which you depreciate something is determined by its useful life (e.g., a laptop is useful for about five years). For tax depreciation, different assets are sorted into different classes, and each class has its own useful life. If your business uses a different method of depreciation for your financial statements, you can decide on the asset’s useful life based on how long you expect to use the asset in your business. For example, the IRS might require that a piece of computer equipment be depreciated for five years, but if you know it will be useless in three years, you can depreciate the equipment over a shorter time. An asset is anything with a dollar value. The IRS also refers to assets as “property.” It can be either tangible or intangible. The IRS sets guidelines for what types of assets you can depreciate. It needs to meet the following criteria: You own it You use it in your business, or to produce income You can determine its useful life You expect it to last more than one year Grooming education academy is engaged in providing qualitative commerce education to society at concessional prices. We believe in Research, reasoning and result and thus our learners admit our USP of: "Pioneer in developing concepts". We provide the complete tutorials for all commerce courses including CA, CS, CMA, BCom, BBA, Mcom, MBA, M.com, Class 12, Class 11 and other commerce courses. To know about the courses and books that best suits your requirement call at our helpline number: 𝟖𝟖𝟖 𝟖𝟖𝟖 𝟎𝟒𝟎𝟐 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 to know more about the courses available: escholars.in 𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐭𝐞𝐥𝐞𝐠𝐫𝐚𝐦 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐬:::: t.me/geacp 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞: facebook.com/GroomingEducationAcademy 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 𝐏𝐚𝐠𝐞: instagram.com/groomingeducationacademy 𝐓𝐰𝐢𝐭𝐭𝐞𝐫 𝐏𝐚𝐠𝐞: twitter.com/AcademyGrooming 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐏𝐚𝐠𝐞: linkedin.com/company/grooming-education-academy 𝐏𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐏𝐚𝐠𝐞: in.pinterest.com/groomingeducation #Depreciation #Finalaccounts #Accountancy #Groomingeducation #Chandanpoddar