@@therooster2563 thankyou goodluck as well ;)))))))))))))))))))))))))))))))))))))))))));)))))))))))))))))))))))))))))))))))))))))));)))))))))))))))))))))))))))))))))))))))))))
Thanks, great to hear you like it Donna. Unfortunately the worksheet doesn’t come with model answers as it was one of our earlier resources where we didn’t originally include answers. Sorry about that, hope it’s still useful to you.
for the reducing balance method, what if you acquired assets in the second year, do u minus the said assets then calculate the depreciation or do the opposite?
Exam question confused me so much it was telling me the cost of the van was £25,000 and it reduces by 16.5% each year and it asks me using the straight balance method work out how much it costs at the end of 2 years but it doesn’t give me the figures I need
Hi Toby. Without seeing the exam question it is hard to help, if you ask your teacher I am sure they will explain it for you. Straight balance method doesn't sound right either as it is usually the straight line method or reducing balance method.
Thank you for explaining how to do the straight line and the reducing balance depreciation. Your explanation alongside the table really helps.
Thank you, glad we could help 👍
Thank you for this video it really helped
Go away
@@xxrashyxx936 sorry I won’t do it again
@@therooster2563 good boy ;)
You're welcome!
Very helpful thank you 🙏
Really great to hear you think so, thank you.
Oh my god i needed this thankyou so mucj,!!!
Omg sameee !! Good luck with your test !
@@therooster2563 thankyou goodluck as well ;)))))))))))))))))))))))))))))))))))))))))));)))))))))))))))))))))))))))))))))))))))))));)))))))))))))))))))))))))))))))))))))))))))
@@xxrashyxx936 thank you so much 😊
You're welcome, glad to hear it helped.
Yes, good luck with your test!
Great video and exercise - is there an answer sheet please? (busy teacher asking :-)
Thanks, great to hear you like it Donna. Unfortunately the worksheet doesn’t come with model answers as it was one of our earlier resources where we didn’t originally include answers. Sorry about that, hope it’s still useful to you.
@@TwoTeachers its very helpful! Ive done the answers now ..thank you
@@donnabennett Great to hear Donna 😃
for the reducing balance method, what if you acquired assets in the second year, do u minus the said assets then calculate the depreciation or do the opposite?
The depreciation of the newly purchased asset would be calculated and that amount would be an expense for that tax year.
Exam question confused me so much it was telling me the cost of the van was £25,000 and it reduces by 16.5% each year and it asks me using the straight balance method work out how much it costs at the end of 2 years but it doesn’t give me the figures I need
Hi Toby. Without seeing the exam question it is hard to help, if you ask your teacher I am sure they will explain it for you. Straight balance method doesn't sound right either as it is usually the straight line method or reducing balance method.
alpha male
😂👍
yesssirr
👍