Understanding Depreciation: It May Be More Simple Than You Think
Click Here To Know More About: Australian Financial Services License Online Afsl Authorised Representative By John Day Depreciation is defined as a portion of the cost that reflects the use of a fixed asset during an accounting period. A fixed asset is an item that has a useful life of over one year. An accounting period is usually a month, quarter, six months or one year. Let’s say you bought a desk for your office on January 1, for $1000 and it was determined that the desk had a useful life of seven years. Using a one year accounting period and the ‘straight-line’ method of depreciation, the portion of the cost to be depreciated would be one-seventh of $1000, or $142.86. Most non-accountants roll their eyes and shudder when the topic of ‘depreciation’ comes up. This is where the line in the sand is drawn. Depreciation is far too complicated…
Worldwide markets fall precipitously
Monday, October 6, 2008 Stock markets around the world have fallen dramatically today. This is following the ongoing events in the financial world, including the US Government’s $700 billion bail out of the financial sector. As of 14:48 UTC, the primary UK index, the FTSE 100, dropped in value by 6.50% (323.65 points) to a point even further below the 5000 mark at 4656.60. The Dow Jones, was down 3.76% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 9936.94 points, below the ten thousand mark. The Nasdaq index has fallen by 100.12 points to 1847.27, while the DAX was 6.62% lower than the start of the day as of 16:08 UTC. The Dow Jones index was one that fared particularly poorly today, as not one of its companies increased its share price. The same is true for the CAC 40 index.…
Wikinews Shorts: June 4, 2007
A compilation of brief news reports for Monday, June 4, 2007. MediaCorp Radio in Singapore has been fined 15,000 Singaporean dollars (US$9,800) over an on-air stunt in March in which female guests on a radio show were asked to remove their brassieres, and pose for video that was to be posted on the station’s website and on YouTube. The Media Development Authority said the radio show’s hosts made improper and sexually suggestive remarks about “how fast the bras were removed, as well as the color, design and cup size of the bras, and the size of the girls’ breasts.” Sources AP. “Fine for Singapore radio bra stunt” — CNN, June 4, 2007 Sapa-AFP. “Station fined for bra contest” — Independent Online (South Africa), June 4, 2007 Researchers at University of Malaya say they have developed an erectile dysfunction cure from walnut extract. “It takes about an hour for the effects to set in…
News briefs:June 10, 2010
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Web browser Firefox increases market share in Europe
Thursday, July 19, 2007 Firefox share by continent % 1. Oceania 28.9% 2. Europe 27.8% 3. North America 18.7% 4. South America 15.5% 5. Africa 14.7% 6. Asia 14.3% source:XiTiMonitor The French web survey provider XiTiMonitor reports that in their study conducted from Monday, July 2 to Sunday, July 8, 2007 on 95,827 websites, web browser Mozilla Firefox reached a 27.8% share in Europe, compared to 21.1% during the same period last year. Firefox has its biggest market share in Slovenia and Finland where it amounts to 47.9% and 45.4%, respectively, while only 14.6% of people from the Netherlands and 15.2% of surfers in Denmark used Firefox in this survey. The share rose most in Ireland: from 24.9% to 38.6% (i.e. +13.7 points). Microsoft’s web browser Internet Explorer remains the most used browser in Europe with a market share of 66.5%. Opera and Safari have a 3.5% and 1.7% share…
Pedestrian, three others killed in helicopter crash in British Columbia
Wednesday, May 21, 2008 A 23-year-old Kenyan man was crushed and killed and three others died after a helicopter crashed in Cranbrook, British Columbia, Canada on May 13. All on board the helicopter, two passengers and the pilot of the helicopter, were also killed. Considered a freak accident, the attention was not centered around the crash or those killed in it, but whether or not the volume on the iPod the 23-year-old pedestrian was allegedly listening to was too loud. Isaiah Otieno, a student at the College of the Rockies arrived in Canada two years ago and was the son of Dalmas Otieno, Kenya’s Minister of State for Public Service. He was walking down the street to retrieve his mail when the Bell 206 helicopter crashed on top of him, crushed him, then dragged his body along the pavement, with the helicopter bursting into flames. The helicopter pilot was unable…
Category:Mining
This is the category for mining. Refresh this list to see the latest articles. 3 June 2016: Glencore announces Tahmoor mine in New South Wales to close 28 May 2014: Second sinkhole appears in Australian city this week 12 February 2014: Jade Rabbit lunar rover declared lost 25 April 2012: Disposal of fracking wastewater poses potential environmental problems 13 April 2012: Nine Peruvians rescued from collapsed mine 15 June 2011: Court rules Massey can appeal US restrictions in mine disaster investigation 25 November 2010: 29 presumed dead after second explosion at New Zealand mine 9 November 2010: Two killed in new Copiapó, Chile mining accident 16 October 2010: 20 dead, seventeen trapped after Chinese coal mine explosion 15 October 2010: Four miners trapped in Ecuador mine see older articles?Category:Mining From Wikinews, the free news source you can write. Sister projects Commons Wikipedia Wiktionary Wikiversity Subcategories Pages in category “Mining”
Canadian MP Benoit Sauvageau dies in car crash
Tuesday, August 29, 2006 Bloc Quebecois Member of Parliament Benoit Sauvageau was killed in an automobile accident on Monday morning after his vehicle hit a tow truck at the side of a road in his Montreal constituency. Sauvageau, 42, had been an MP since 1993 and represented the riding of Repentigny at the time of his death. Bloc Québécois (BQ) Leader Gilles Duceppe, speaking in Quebec City, remembered Sauvageau as a hard-working representative who was widely respected “not only in the sovereigntist camp but by his adversaries who always recognized him for his honesty and his determination.” “I think he was a very good member of Parliament, a very good sovereigntist,” added Duceppe. Visibly shaken by the news, Duceppe said: “It’s awful, at 42 with four children (daughters) between the ages of five and 15, it’s not right.” Former Quebec Premier Lucien Bouchard, who led the BQ when Sauvageau was…
Category:June 9, 2010
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American Thom Mayne snags Pritzker architecture prize
Tuesday, March 22, 2005 Longtime Los Angeles architect Thom Mayne was awarded this year’s Pritzker Architecture Prize. Established in 1979 to honor “consistent and significant contributions to humanity,” the prize is considered by many to be the highest honor in the field. The award includes a bronze medallion and US$100,000. Mayne was the first American to receive it in 14 years; previous American recipients include Robert Venturi (1991) and Frank Gehry (1989). Mayne earned his architecture degree from the University of Southern California in 1968. A few years later he founded his own architecture school, the Southern California Institute of Architecture, which remains to this day. He then moved to Los Angeles, where in addition to running a firm, Morphosis, he teaches architecture at UCLA. Mayne’s earlier work, considered “angry” and “brooding”, was outside of the architectural mainstream. His style was often called bold and audacious. This style has recently…