Search results
Results From The WOW.Com Content Network
Like shrinkage stoping, underhand stoping is most suitable for steeply dipping ore bodies. [5] Because of the mechanical advantage it offers hand tools being struck downward (rather than upward, against gravity), this method was dominant prior to the invention of rock blasting and powered tools.
Using a straight-line depreciation method, you could deduct $16,363 from the taxable income each year for the next 27.5 years. However, you can only use this as long as you still own the property.
An asset depreciation at 15% per year over 20 years [1] In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are ...
The grouped assets must have the same life, method of depreciation, convention, additional first year depreciation percentage, and year (or quarter or month) placed in service. Listed property or vehicles cannot be grouped with other assets. Depreciation for the account is computed as if the entire account were a single asset. [23]
Shrinkage stoping is a short-hole mining method which is suitable for steeply dipping orebodies. This method is similar to cut and fill mining with the exception that after being blasted, broken ore is left in the stope where it is used to support the surrounding rock and as a platform from which to work.
Room and pillar mining was one of the earliest methods used, [3] although with significantly more manpower. The room and pillar system is used in mining coal , gypsum , [ 4 ] iron , [ 5 ] limestone , [ 6 ] and uranium [ 7 ] ores, particularly when found as manto or blanket deposits, stone and aggregates , talc , soda ash , and potash . [ 8 ]
The increase in depreciation arising out of revaluation of fixed assets is debited to revaluation reserve and the normal depreciation to Profit and Loss account. Selection of the most suitable method of revaluation is extremely important. The most used method is the appraisal method.
Depreciation is the expense generated by using an asset. It is the wear and tear and thus diminution in the historical value due to usage. It is also the cost of the asset less any salvage value over its estimated useful life. A fixed asset can be depreciated using the straight line method which is the most common form of depreciation.