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The correct determination of depreciation of fixed assets

Publication date: 2013-03-10 20:50:53

Fixed assets should be depreciated over their useful life.

The useful life is defined as the time of use of the fixed asset by the entity and is often different from the economic use of the fixed asset.

Depreciation applies to the initial value of the fixed asset reduced by the projected residual value (net realisable price of the fixed asset, IAS 16 par. 50-53).

Find out more:
http://24ivalue.com/pages/elearning/book/2/page/7/

Regards,
Slawomir Ekman
24iValue

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