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Calculating Depreciation
Straight Line Method |
Reducing Balance Method |
Other Methods |
Same depreciation throughout the years |
Same percent, different amount |
1. The sum-of-the-digits method. 2. Usage method |
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Stock Valuation
A stock take can be used to find out how much stock is being held.
Different ways to value stocks such as:
FIFO involves issuing stock in the order in which it is delivered, so that the remaining stock is valued closer to its replacement cost
LIFO involves issuing more recent deliveries first, so that closing stock is valued at the order and possible lower purchase price
Average cost recalculating every time new deliveries arrive |
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