Thank you so much, Mr. I was able to understand your explanation much better. Keep up the great job on helping other students like me, that was having a hard time to understand accounting
Asset Cost minus salvage value= depreciable amount then divide it to estimated useful life then tada ! You get your depreciation for the year. Your explanation is great sir.
Ruben Calawan Jr T. Asset Cost minus salvage value= appreciable amount then divide it to estimated useful life then data ! You get your depreciation for the year. Your explanation is great sir hehe
Ser paano nalalaman un Estimated life ng Equipment upon aquisition, at paano po malalaman un salvage value at may case ba na nababago ang salvage value after 1 accounting period paano po adjusting entry dito. Salamat po.
Hi po. Do'n sa part po ng depreciation expense, lagi po bang sa mismong year kung kelan na-purchase ung item im-multiply? Like for ex, July 1 2022 ka nag-purchase, Hanggang Dec 31 2022 lang po ung maisasama sa record?
Yes, ren. Usually ganun 🙂 kung ano lang yung depreciation for the accounting period. Accounting period can be calendar year, in your example until Dec 2022 lang which is end of period. Hope it helps 🙂
Hello maria, meaning kailangan natin magrecord ng depreciation na good for half-month since Jan 15 acquistion date 🙂 Pero, may mga policy minsan ang mga entity na if the purchase date falls on 1-15, as if na binili na sya ng 1st day. While 16-31, as if binili sya ng end of month. Hope it helps 🙂
BUNDIA JEAN A. BSOA-1 Ang ga galing po. Thank you for sharing this video. I do learn a lot about on how to prepare adjusting entries for depreciation expense. The systematic allocation and so on. About depreciation expense the long live assets and the usefulness of the asset. the systematic allocation of the depreciable amount of an asset over it's useful life is called depreciation. The asset cost, estimated salvage value and the estimated useful life. That's what I've understand about this topic.
Hmmkay sir, thankyou po! Nasa basic palang din po kami kaso tinuro narin po ng prof namin ung other methods and I'm confused po that's why huhu. Anyway, sobrang helpful po ng mga videos nyo. God bless sir💗
Hi @@alexandriafaustino2827 . Ganun ba. So pati pala sa basic tinuturo na ang other depreciation methods. Would you please tell us kung anong textbook ang gamit nyo sa basic acctg?
Hello venus. In actual, determining salvage value is preferably performed by someone who is expert in determining the value of some thing. For academic purposes of accounting, salvage value is normally given in the problem-solving questions. Hope it helps 🙂
Kapag walang salvage value na given, ang assumption jan is as if 0 ang salvage value. Use the straight-line depreciation formula, with salvage value equal to 0. Hope it helps, Paulo 🙂
how about po if one of the factors is missing like ang nabigay lng is cost of assets and estimated useful life and then nawawala po yung salvage value po niya????
Sir magandang araw po, ask ko lang sir paano naman po if may beginning balance ang accumulated depreciation huhu iaadd po ba sya dun sa ending balance for the period or iminus po? Huhu thank u po 😭💗💗
magandang araw, lofi 🫶 If may beginning balance, ganito usually ang gagawin: beginning balance + depreciation for current year = ending balance. Hope it helps ❤️
ano po yung original entry nya? may 1 service vehicle (dr) cash (cr) yan po ba? btw thankyou po sa mga video tutorial mas naintindihan kopo more power sir!
pano sir pag ganito ang trantion?Office supplies acquired during the year amounted to P96,000. Office supplies account had a beginning balance of P22,000 and an ending balance P36,000 san po yan mag aunder sa ADE? thanks po
Hello Brazen. Yung difference ng total available supplies for use (Beg + Purchases) at supplies ending balance ang amount na marereflect sa adjusting entry.
Good day po sir!! Ask ko lang po sana kung pano po irecord ang equipment sold with accumulated depreciation. Ganito po yung given: A, B and C decided to form ABC Partnership. It was agreed that A will contribute an equipment with assessed value of P100,000 with historical cost of P800,000 and accumulated depreciation of P600,000. A day after the partnership formation, the equipment was sold for P 300,000.
Hello, kiiii 🫶 analyze mo pa yung transaction. pag ang asset is less than a year ang lifespan, then hindi yan subject to depreciation. Long lived assets with useful life ang subject to depreciation. Hope it helps 🙂
Thank you so much, Mr. I was able to understand your explanation much better. Keep up the great job on helping other students like me, that was having a hard time to understand accounting
You're welcome, danniel 🙂 and thank you too for using our lessons to supplement to accounting studies ♥️ mag aral nang mabuti, future accountant 🙂
Asset Cost minus salvage value= depreciable amount then divide it to estimated useful life then tada ! You get your depreciation for the year. Your explanation is great sir.
Sa Month po paano?
Ruben Calawan Jr T. Asset Cost minus salvage value= appreciable amount then divide it to estimated useful life then data ! You get your depreciation for the year. Your explanation is great sir hehe
Salamat po talaga sir🥺. Dito po talaga ako huminto sa adjusting entries pero dahil sayo naunawan ko po
Walang anuman Brandon. Mag aral nang mabuti 💛
Thankyouu poo💜 more video pa po ng about sa banking and finance
Sure Yangyang!
IT may subject na accounting .. ty sa tutorials
You're welcome Durian!
malinaw na saakin ang lahat,thank u po;)
You're welcome ethel. Mag aral nang mabuti 💛
u saved my life ty
Welcome Witchlover497
Wow thank you po💙
You're welcome, Dianne 🙂
Thank You po😍😊 kahit medyo di ko pa gets paulit ulitin ko lng po. salamat po🙏
You're welcome Rochelle! Correct, makukuha naman yan sa paulit ulit na pagwatch at pagpapractice.
Salamat po talaga🙏
sir ask po paano po naging 48k ng annual dep?
Thank u po ikaw taga ligtas ko sa pangarap ko na maging accountant hahahahhahaha
You're welcome March. Hope this video will help. Mag aral nang mabuti ❤️
Sir baka pwede niyo pong gawan ng video ang receivable financing. Thank you
Yes Ynggrid! Soon..
@@FilipinoAccountingTutorial Thank you po. Next week po kasi exam haha
Thankyou sana hindi ka magsawa natutu ako sayo lodi kita
Grade 11 abm lang medyo nahihirapan na ako😁
Hi Grabates! You're welcome. More videos pa soon!
Thank you po sir!! 💛💛💛
You're welcome glaiza 💛
Sir may video po kayong ginawa ang buong acctng cycle in a worksheet for a company po?
Ang qt nun truck hahahaha
Thank you so much sir.
Welcome Melanie. Keep safe! ☺️
mas magaling pa kayo magturo kesa sa prof ko haha salamat sa tulong po
Walang anuman, Alex. Masaya kami makatulong 🙂
how about depreciation expense of the period?
Ser paano nalalaman un Estimated life ng Equipment upon aquisition, at paano po malalaman un salvage value at may case ba na nababago ang salvage value after 1 accounting period paano po adjusting entry dito. Salamat po.
Hi po. Do'n sa part po ng depreciation expense, lagi po bang sa mismong year kung kelan na-purchase ung item im-multiply? Like for ex, July 1 2022 ka nag-purchase, Hanggang Dec 31 2022 lang po ung maisasama sa record?
Yes, ren. Usually ganun 🙂 kung ano lang yung depreciation for the accounting period. Accounting period can be calendar year, in your example until Dec 2022 lang which is end of period. Hope it helps 🙂
How to get 48k how you divide years
Paupload naman Po Sir Ng accounting for share capital
Hi Julie! Sure consider nmin itong suggestion mo.
sir how about kung salvage value hinahanap? what formula po, thank you!
Hi sir! What if po kung midmonth yung date for example po Jan 15th
Hello maria, meaning kailangan natin magrecord ng depreciation na good for half-month since Jan 15 acquistion date 🙂
Pero, may mga policy minsan ang mga entity na if the purchase date falls on 1-15, as if na binili na sya ng 1st day. While 16-31, as if binili sya ng end of month. Hope it helps 🙂
hello po ask lang po, ano po ibig sabihin pag "The 2 depreciation expense may be combined"
Maaaring ibig sabihin nyan is pwede iaggregate yung 2 depreciation, reymond 🫶
What happens when the vehicle reached its useful life. Mawawala na sa accounting entries?
Zero na sa debit side sa ledger?
No khit zero value na ang asset, still di pa rin ito tatanggalin sa book, unless na dispose na or nag retired na ang asset.
BUNDIA JEAN A.
BSOA-1
Ang ga galing po. Thank you for sharing this video. I do learn a lot about on how to prepare adjusting entries for depreciation expense. The systematic allocation and so on. About depreciation expense the long live assets and the usefulness of the asset. the systematic allocation of the depreciable amount of an asset over it's useful life is called depreciation. The asset cost, estimated salvage value and the estimated useful life. That's what I've understand about this topic.
sir what if po pag ganito ung transaction:
Paid cash for an apple computer, Php 30,000. The computer is expected to remain in service for 5 years.
30,000/5
Hi sir! Can u please make a video about other depreciation methods? Like the SYD and DDB☹️ thankyou💗
Hi Alex! Sure gagawa kami about jan. Kasama sa topic namin yang depreciation methods. But this time, yung pang basic acctg lang muna.
Hmmkay sir, thankyou po! Nasa basic palang din po kami kaso tinuro narin po ng prof namin ung other methods and I'm confused po that's why huhu. Anyway, sobrang helpful po ng mga videos nyo. God bless sir💗
Hi @@alexandriafaustino2827 . Ganun ba. So pati pala sa basic tinuturo na ang other depreciation methods. Would you please tell us kung anong textbook ang gamit nyo sa basic acctg?
Wala po sya don sir. Inintroduce lang din po samin hehe
Very helpful vid!!! Pero pano po treatment sa depreciation pag useful life lang ang given and walang salvage value?
Hello off. Kapag walang salvage value, cost divide by useful life.
Eto din Yung hinahanap Kong tanong at sagot 😍 salamat
@@FilipinoAccountingTutorial eto rin hinahanap ko.... Thank you.....
How to compute salvage value?
sir how did you get the amount of sakvage value, can you guve the formula pls. thanks po😊
Hello venus. In actual, determining salvage value is preferably performed by someone who is expert in determining the value of some thing.
For academic purposes of accounting, salvage value is normally given in the problem-solving questions. Hope it helps 🙂
Sir may paid seminar n lessonpo ba?
Yes, Danna 🙂
How po?
Pano po ba malaman yung net income or loss pwede po ba kayo gumawa ng vid kung pano?
Hi Azure! Keep on watching yung ibang videos dito, may mga computation doon ng net income (loss).
Filipino Accounting Tutorial salamat po susubukan ko po hanapin nakakatulong po yung mga vids nyo
Gusto ko po matuto pa kaya nag sub narin po ako sa inyo
Sir sa part na ito 9:42 paano naging 48k ang annual depreciation?
Hello, Akihiko 🙂
Ang denominator kasi natin is 7 years. Therefore, 'yung 48K 'yan yung annual depreciation or depreciation per year.
Hope it helps! ❤️
Sir, what if po walang salvage value? % per annum lang po. Paano po yan?
Kapag walang salvage value na given, ang assumption jan is as if 0 ang salvage value. Use the straight-line depreciation formula, with salvage value equal to 0. Hope it helps, Paulo 🙂
how to prepare statement of financial position saka income statement saka statement of owner's equity
Hello po ask ko lang po paano po pag may decimal pag nag depreciate,isasama pa po ba yon or irround off po?Salamat po.
sir pano kapag walang nakalagay nab
salvage value
Cost-0/ useful life
how about po if one of the factors is missing like ang nabigay lng is cost of assets and estimated useful life and then nawawala po yung salvage value po niya????
Cost/useful life
Paano po 'pag walang salvage value?
hello po sir, can i ask? paano po makukuha yung scrap value kung wala po sa given? thank u po!
given lang po ung cost and estimated useful life
Hello Ysalsa. Kapag walang scrap value na given, assume scrap value is equal to 0. Then apply the formula in computing depreciation. Hope it helps 🙂
Sir ask ko lang po kung ano po ang journal entry ng transaction na ito sa May 1, 2019??
Dr Service Vehicle
Cr Cash pooo?? then ang amt is 420k??
Hi Melalame! Acquistion yan ng service vehicle. Nasa step 2 yan ng accounting cycle. Please see our basic acctg playlist.
Pano pag no salvage😢
Sir magandang araw po, ask ko lang sir paano naman po if may beginning balance ang accumulated depreciation huhu iaadd po ba sya dun sa ending balance for the period or iminus po? Huhu thank u po 😭💗💗
magandang araw, lofi 🫶
If may beginning balance, ganito usually ang gagawin: beginning balance + depreciation for current year = ending balance.
Hope it helps ❤️
@@FilipinoAccountingTutorial thank u po 😭💗💗💗
You're welcome, lofi. Mag aral nang mabuti ❤️
Pano naman po pag 0ct 31 2010 yung acquisition date tas december 31 2019 yung AJE jan edi 111 ittimes sa 111 months?
No need Shane. For 2019 lang yung irerecord dun.
Dahil di naman nagtuturo prof namen. Manonood nalang ako dito hshs
Thanks mourris. Hope this will help.
Paano po gagawin kung under depreciated po yung building?
Kapag underdepreciated meaning kulang yung nairecord na depreciation. Dahil kulang, kailangan irecord ung kulang na depreciation. Hope it helps 🙂
sir topic break even analysis or computation thanks
Sure :)
THHHAAAANNNKKK YOOOOUUUUU POOOOO
You're welcome Hyena!
Hi sir! Ano pong ibig sabihin ng Accumulated Depreciation?
Paano po yung Adjusting entry po nung Annual Depreciation po?
atsaka sir profit and loss projection thanks
Sure! Consider namin ito.
ano po yung original entry nya?
may 1 service vehicle (dr)
cash (cr)
yan po ba?
btw thankyou po sa mga video tutorial mas naintindihan kopo more power sir!
Hello Melai! Yes, yan yung entry para sa purchase ng vehicle. You're welcome and study well💚 stay safe! 👍
@@FilipinoAccountingTutorial Yay! Thankyou po❤️
pano sir pag ganito ang trantion?Office supplies acquired during the year amounted to P96,000. Office
supplies account had a beginning balance of P22,000 and an ending
balance P36,000 san po yan mag aunder sa ADE? thanks po
Hello Brazen. Yung difference ng total available supplies for use (Beg + Purchases) at supplies ending balance ang amount na marereflect sa adjusting entry.
@@FilipinoAccountingTutorial ahh okay po thank you po Sir
yung entry niya po sir pano po?
Equipment has an estimated useful life of ten years.
How's this?
Will the entry here is like this:
Depreciation xxx
Acc. Dep. xxx
Good day po sir!! Ask ko lang po sana kung pano po irecord ang equipment sold with accumulated depreciation. Ganito po yung given:
A, B and C decided to form ABC Partnership. It was agreed that A will contribute an equipment
with assessed value of P100,000 with historical cost of P800,000 and accumulated depreciation of
P600,000. A day after the partnership formation, the equipment was sold for P 300,000.
Nakaearn ka po ng subs
Hello po sir paano kung months lang yung lifespan ganon parin poba computation?
Hello, kiiii 🫶 analyze mo pa yung transaction. pag ang asset is less than a year ang lifespan, then hindi yan subject to depreciation. Long lived assets with useful life ang subject to depreciation. Hope it helps 🙂