How to allocate finance charges in actuarial method, sum of years digits method, straight line method?

Question added by navoda sandamini , Assistant Manager Operations , E-silk Route Ventures (Pvt) Ltd
Date Posted: 2016/11/26

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How many methods are there in straight line method?
Top Answer: There are uncountable numbrs of methods, it depends on the situation and people you are dealing with. ... See More

Answers (1)
In what circumstance is the reducing balance method more appropriate than straight line method?
Top Answer: Thanks for invitation The reducing balancing method assumes that future benefits associated with the asse ... See More

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Is the change in depreciation method i.e. from straight line to reducing balance is change in estimate or change in accounting policy?
Top Answer: <p>It is as an acconting <strong>estimate as</strong> </p> <ul><li>A ... See More

Answers (3)
When a corporation uses - sum of the years digits method - for its fixed assets depreciation:
Top Answer: The sum of years digits formula for depreciation is n(n+1)/2, where n stands for useful life of years. He ... See More

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