DEPRECIATION OF NON-CURRENT ASSETS (PART 1)

This video explains the basic concepts of of depreciation and highlights on some key methods of calculating depreciation.

[@FOGAccountancyTutorials]

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[@OCOMAEDWARD]

Please some explanation on conceptual framework bro

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10 years doing Financial Accounting??

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[@sheriffhassankamara8044]

Thank you so much sir.
I have been following your tutorials for the past few months. They educate me a lot.
Please Sir send a tutorial video on Bad Debts, Provision for Bad and Doubtful Debts,Provisions for Discount on Debtors and Creditors.

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Thanks very much
May the good Lord bless you

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[@masterkayijuka9489]

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The lesson is really understandable! Thank you sir

[@FOGAccountancyTutorials]

Welcome

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I'm really searching for ur videos on the explanation of conceptual framework

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Great teaching 👍

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[@ucanho19]

thank you so much. Looking for a video about disposals

[@abdifatahsupparka6843]

clear explanation, thanks sir

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please sir how you treat goods burnt by fire or goods stolen in the adjustment of a sole traders account

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[@FOGAccountancyTutorials]

Welcome

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My best accounting teacher ever

[@ebiereowei]

Sir please ...if you are given a residual value and the cost ..and you are required to use Sum of the digit method....will the RV be deducted from the cost?

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[@FOGAccountancyTutorials]

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[@max4saw]

Thank you for this video

[@joelonowakpofestus5971]

Sir, in situations where you were not given a depreciation rate but a salvage value, number of years and the cost of the asset . And you were asked to calculate depreciation using the reducing balance method?

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[@masterkayijuka9489]

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[@ManuelDazimata]

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[@kevinkhainga5481]

What about where you haven't been given theaccumulated dep and told to calculate annual rate of depreciation using reducing balance method where cost ,scrap value and useful life given?

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[@jamesanderson379]

thank you very much
This was very needful I will be writing accounting Wassce next week 🙂
Unfortunately there was a mistake in the reducing balance
Instead of 8100 you would be getting 7100 kindly cross check. It might confuse someone

[@cblewusi]

Yes that's true

[@bitandimoses-tp8ne]

How can I know that this one goes to the debit side or credit side

[@spirit_physics]

Boss thank you soooo much. this is my first video and i am blown away. please continue. hopefully i can meet you personally one day. thank you

[@priscillatwumasi168]

Sir please in the cost of depreciation is the cost permenent

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[@mcmadih8443]

thank you,,,but we are still waiting for part two Sir

[@owusu-hammondedmond8444]

But Sir, please the explanation of the Inadequacy, would it not fall under Obsolescence since you would be bringing in a new machine.

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We are waiting for part 2

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Why are many accounting systems designed with control accounts as well as with purchases sales legder

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[@mayakkatete4629]

Thank you so much.

[@janettetteh1296]

Sir please ,the causes of depreciation: is the passage of time the same as obsolescence

[@ethereal946]

Obsolescence is when the asset is nolonger as effective because of the introduction of something more effective.
Passage of time is when the asset depreciates solely because time has passed and it is now old, it doesn't necessarily mean there has been an introduction of another more effective asset.

[@saith_256]

I can't that thank you enough sir

[@FOGAccountancyTutorials]

Always welcome

[@phriscabless3100]

Please do you teach for ICA students??and where do you have the classes?

[@wendysarpong1395]

Please when is part 2 coming

[@user-uj4qc6dj4e]

❤😊😊 thank you sir

[@kaseotraining]

wear and tear is a form of physical factors

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Good lesson

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Sir we wouldlike to request you to teach us how to prepare a payroll
Thanks

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My lecture ❤❤❤

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Sir what of when there's no rate

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Really appreciate
you always make accounting eassy to understand
please sir am still waiting for
how to prepare statements of change in equity
And partnership accounts 😘

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Thank you

[@ceciliaasomah6337]

Hello pls after the part 2 of this lecture , can u please continue with amalgamation of partnerships

[@FOGAccountancyTutorials]

I'll treat all sub-topics under partnership. Kindly follow... Thank you

[@ceciliaasomah6337]

@@FOGAccountancyTutorials thanks you I will follow accordingly

[@abrahamemmanuel8167]

Part two sir!!

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tank u sir 🎉❤🎉🎉🎉