Methods of Depreciation

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There are various methods of allocating depreciation to accounting period. An entity should choose the method which best reflect the way the future benefits arising from the asset will be consumed by the entity.

There are following 5 methods for calculation of depreciation that are normally used,
i.                    StraightLine Method
ii.                  Reducingbalance Method
iii.                Double declining Method.
iv.                Machine hour Method
v.                  Sum of year digit Method



For video lecture please click below link
https://www.youtube.com/watch?v=hUV_xnsTCHM&t=251s

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