Describe joint factor rate method of computing depreciation
Briefly describe joint factor rate method of computing depreciation?
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This method is as well employed to compute amount of depreciation. In this method the depreciation is offered partly at a fixed rate on time base and partly at a variable rate on usage base.
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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