Hi. Thank you so much for this video. It really helped me understand the Production unit method calculation. I was wondering if you could perhaps do a video on a question I'm struggling with, mainly III. This is my question: X bought an asset for N$120 000 on 1 January 2001 and useful life estimated at four years. The asset will be used to manufacture 120 000 widgets over its useful life and that number widgets manufactured as follows: (2001) 12 000, (2002) 18 000, (2003) 24 000, (2004) 66 000. Required: (i) Calculate depreciation per year using reducing balance method at rate of depreciation of 50% per annum (ii) Calculate depreciation using straight line, sum of digits and production units (iii) Show ledger entries to record depreciation over useful life of asset at 31 December 2004 .
Hi Bianca! Thank you so much for your comment. I'm glad I can be of help. I'll let you in a little secret: I'm launching my new website in a few weeks which has everything you need to pass your accounting tests. It's a massive video gallery I created for you the student. Check out some free videos here: www.accountinguniv.com/free-videos/ You can sign up as well and start your trial here: www.accountinguniv.com/membership-account/membership-levels/ Hopefully you will find my website useful! I'm sure my videos can help answer your questions :)
Much better to retain the formula and concept than reading the text, thank you
This video really helped. You made it so simple. Many thnaks
Thank you for the video. You explain this very well
Glad it was helpful!
ياشيخ اطلق من يشرح شكرا 👍
Thank you👋👍👍
can you do a journal entry for this?
Soon! Thanks for suggestion
How did you find the salvage value?
Hi. Thank you so much for this video. It really helped me understand the Production unit method calculation. I was wondering if you could perhaps do a video on a question I'm struggling with, mainly III. This is my question:
X bought an asset for N$120 000 on 1 January 2001 and useful life estimated at four years. The asset will be used to manufacture 120 000 widgets over its useful life and that number widgets manufactured as follows: (2001) 12 000, (2002) 18 000, (2003) 24 000, (2004) 66 000.
Required:
(i) Calculate depreciation per year using reducing balance method at rate of depreciation of 50% per annum
(ii) Calculate depreciation using straight line, sum of digits and production units
(iii) Show ledger entries to record depreciation over useful life of asset at 31 December 2004 .
Hi Bianca! Thank you so much for your comment. I'm glad I can be of help. I'll let you in a little secret: I'm launching my new website in a few weeks which has everything you need to pass your accounting tests. It's a massive video gallery I created for you the student. Check out some free videos here:
www.accountinguniv.com/free-videos/
You can sign up as well and start your trial here: www.accountinguniv.com/membership-account/membership-levels/
Hopefully you will find my website useful! I'm sure my videos can help answer your questions :)
Thank you for the video.