Differbetween
Depreciation
Difference Between WDV and SLM
SLM is a method of depreciation in which the cost of the asset is spread uniformly over the life years by writing off a fixed amount every year. WDV i...
Differences Between GDP and NDP
The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. ... In addition, a growing gap...
Difference Between Accumulated Depreciation and Depreciation Expense
Accumulated depreciation is the total amount a company depreciates its assets, while depreciation expense is the amount a company's assets are depreci...
Difference Between Depreciation and Provision for Depreciation
Depreciation is the process of allocating the useful economic value of an asset over its useful economic life, whereas provision for depreciation show...
Difference Between Depreciation and Accumulated Depreciation
Accumulated depreciation is the total amount a company depreciates its assets, while depreciation expense is the amount a company's assets are depreci...
Difference Between SLM and WDV Method of Depreciation
SLM is a method of depreciation in which the cost of the asset is spread uniformly over the life years by writing off a fixed amount every year. WDV i...
Difference Between Accounting Depreciation and Tax Depreciation
In accounting, depreciation is referred to as the cost of a tangible asset. ... On the other hand, for tax purposes, depreciation is considered as a t...
How to Account for Accumulated Depreciation
The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulat...
How to Calculate Depreciation Expense
Straight-Line MethodSubtract the asset's salvage value from its cost to determine the amount that can be depreciated.Divide this amount by the number ...