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October 27, 2016 at 9:51 am
Thank you for the lecture. I always want to understand why things are done and not just follow a rule. In example 2, why didn’t you use the $12000 as the machine cost in the second year?
John Moffat says
October 27, 2016 at 10:58 am
Because the original cost was $15,000, and the accounting standard requires the original cost to be shown.
October 28, 2016 at 9:18 am
Okay, thank you sir
October 28, 2016 at 12:10 pm
You are welcome 🙂
Muhammad Danyal says
December 2, 2015 at 7:22 am
Sir i have a question please…Reducing balance method says an asset benefits us more in starting years than coming years but we charge same rate, for example 20% each year why is that as it has to be fair basis…i am having a lot of confusion….please advice….thanks
December 2, 2015 at 8:00 am
Although the % is the same, it is a % of a reducing balance (a % of the net book value each year rather than on the original cost). Therefore the actual depreciation expense each year is higher at the start and then gets lower year after year.
I do suggest that watch the next lecture working through example 2 from the free lecture notes, which is reducing balance depreciation.
January 24, 2016 at 3:40 pm
There is no lecture on example 2 of depreciation
on your website
January 25, 2016 at 6:55 am
Yes there is!
The lecture on this page works through example 1 and example 2.
March 5, 2015 at 10:58 pm
please I have a problem with overhead reapportionment in F2
March 6, 2015 at 8:51 am
Why have you asked this under a lecture on a Paper F3 topic?
You will find lectures on overhead apportionment in the Paper F2 lectures.
March 7, 2015 at 1:27 pm
I don’t understand you
I said I don’t understand overhead reapportionment
The reciprocal method in F2
March 7, 2015 at 1:33 pm
I know what you said, but you wrote your comment under a Paper F3 lecture on Depreciation and IAS 16.
Again, you will find lectures on overhead apportionments (including reciprocal) in the Paper F2 list of lectures.
March 7, 2015 at 1:52 pm
Ok thank you very much
March 7, 2015 at 2:09 pm
Please can you explain the Revaluation of an asset to me
March 7, 2015 at 2:13 pm
It is dealt with in the lecture on Company Accounts.
March 5, 2015 at 5:21 pm
I have a question that if we purchase an asset and we know that its value will increase instead of decrease with the passage of time(e g, we purchase a building and we know that its value will increase with time).Should we depreciate such an asset or not??
March 6, 2015 at 8:50 am
Yes – you have to depreciate per IAS 16 (if it is an asset with a limited life).
The purpose is not to show a true value, but to spread the cost over the useful life.
(If the value does increase substantially, then you are allowed to revalue – but this is a separate issue.)
March 6, 2015 at 10:07 pm
Thank you very much.extremely helpful
MD FAISAL says
January 16, 2015 at 1:56 pm
May 11, 2014 at 11:30 pm
super easy to understand.thank you
January 23, 2014 at 6:59 pm
if the question says charge a full years depreciation charge on the year of purchase , and the asset was purchased on 31dec and the year end is on that day do we still charge a full years charge?
January 23, 2014 at 7:04 pm
Ask yourself “What does it mean when it says “a full years depreciation in the year of purchase””?
Was it bought during the year? YES? Then charge a full year’s depreciation! It’s as simple as that.
The same (apparently) illogical thinking goes into “and none in the year of sale” If we sell on 31 December, is it there as at the end of the year? NO? Then no depreciation.
Ee King says
September 11, 2015 at 12:16 pm
December 23, 2013 at 10:15 am
Help me,why I can’t watch it??
December 23, 2013 at 10:46 am
Have you looked at the support page (there is a link to it below the lecture)?
September 4, 2013 at 2:13 pm
, with a full years charge in the year of purchase. what does’ charge in the year of purchase’ mean? plz help
September 4, 2013 at 7:20 pm
It means that in the year that you bought the asset you charge depreciation for the whole year – even if you only had the asset for part of the year.
(The alternative is proportionate depreciation, in which case if you only bought the asset (say) 9 months through the year, then you only charge depreciation for the 3 months that you owned it. With ‘a full years charge in the year of purchase’ you would calculate depreciation as though you had owned it for the whole year.)
September 10, 2013 at 8:34 pm
thank you aloot perfectly understood! thanks aloot God bless you.
November 18, 2013 at 4:09 pm
which book is referred here? Of Kaplan or BPP?
November 18, 2013 at 4:10 pm
The lecture is based on our own Course Notes. The link for downloading them free of charge is just above the lecture (on the right hand side).
September 1, 2013 at 7:52 pm
am trying to download this lecture but i dont know where to go please help asap
May 18, 2013 at 9:46 pm
Beautifully explained 🙂 🙂
I loved all of you’re lectures, Simple and easy to understand the topic. From the basic to the most difficult areas were well explained with examples :):)
Thanks so much!
Heswin Rao Appadoo says
April 28, 2013 at 3:46 pm
is there no error in the example 2?why 3000 of deprecition was considered instead of 2250?
April 28, 2013 at 3:50 pm
ok sorry i didnt read properly 🙂
good job.great lecture 🙂
April 23, 2013 at 5:42 pm
do the lectures cover the exam syllabus as i might use dis to practice for my exams.
March 14, 2013 at 12:45 pm
Lectures are outstanding. Simply the best lecturers ever. Thank you.
March 14, 2013 at 6:13 pm
Thank you 🙂
December 2, 2012 at 6:45 pm
Nice explanation thanx open tuition…
October 8, 2012 at 9:23 am
Good job and God bless u all
October 1, 2012 at 3:18 pm
Very well explained.. Thanks open tuition !
September 10, 2012 at 5:19 am
Very Very good lecture.
Miss A.. says
August 13, 2012 at 12:36 pm
very good lecture 🙂
June 18, 2012 at 9:01 pm
May 23, 2012 at 8:31 pm
em tired in search of a vedio leture… for heaven sake somebody help me in finding a vedio thingy…. i can only hear the voice of a british speaker…
May 23, 2012 at 10:06 pm
@khanmashal63, try another browser, (google chrome maybe?)
April 29, 2012 at 2:23 am
Thanks for explanation understand it better now
April 23, 2012 at 9:48 am
i always enjoy the and hope that it is throughout the year. thank you
March 27, 2012 at 1:22 am
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March 23, 2012 at 3:28 am
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March 12, 2012 at 12:48 pm
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February 25, 2012 at 10:59 pm
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February 24, 2012 at 3:27 pm
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January 27, 2012 at 5:52 pm
very well explained,
$eep Rock$ says
January 25, 2012 at 12:23 am
October 11, 2011 at 10:13 pm
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June 24, 2011 at 9:09 pm
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November 15, 2010 at 3:36 pm
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