depreciation – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 08 Nov 2019 06:47:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 Turkish Lira: the most depreciated currency since the beginning of October https://www.muhasebenews.com/en/turkish-lira-the-most-depreciated-currency-since-the-beginning-of-october/ https://www.muhasebenews.com/en/turkish-lira-the-most-depreciated-currency-since-the-beginning-of-october/#respond Fri, 08 Nov 2019 08:00:48 +0000 https://www.muhasebenews.com/?p=70344 Turkish Lira: the most depreciated currency since the beginning of October

Turkish Lira has been the most depreciated currency among the major currencies in October.

MSCI Emerging Markets Foreign Exchange Index, showing the average index of currencies in emerging economies, has gained 1.3 percent against the dollar since the beginning of October, while the Turkish Lira has decreased by 5%.

The increase in currencies of emerging economies is mainly based on the partial trade agreement concluded between the United States and China. The threat of sanctions against Turkey led to decrease in Turkish Lira.

Investment banks express negative opinions about Turkish Lira. JP Morgan stated that the Turkish Lira and Russian Rouble are the most vulnerable currency to be exposed to political uncertainties. Goldman Sachs warned economists about geopolitical risks and economic policies, while Rabobank said that Turkish Lira might be on the verge of a new exchange rate crisis.

Source: Euronews (link: https://tr.euronews.com/2019/10/15/turk-lirasi-ekim-ayi-basindan-bu-yana-en-fazla-deger-kaybeden-para-birimi-oldu)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/turkish-lira-the-most-depreciated-currency-since-the-beginning-of-october/feed/ 0 Are we required to write off the small components we buy for the revision of the machines? https://www.muhasebenews.com/en/are-we-required-to-write-off-the-small-components-we-buy-for-the-revision-of-the-machines/ https://www.muhasebenews.com/en/are-we-required-to-write-off-the-small-components-we-buy-for-the-revision-of-the-machines/#respond Tue, 25 Dec 2018 12:00:56 +0000 https://www.muhasebenews.com/?p=42397 The Production Machine was revised for its maintenance. Some components within the machine were changed, hundreds of them.
In terms of component values, can we capitalise the components that are on and below the depreciation limit of TRY 1.000,00? And can we record the components below the depreciation limit as production expense?
Or do we have to capitalize all of the invoice?

For example;
Machine Bolt  : 10 * TRY 50 = 500,00 Expense
Machine Strap: 2 * TRY 600 = 1.200 Expense
Motor               : 2 * TRY 5.000 = 10.000

Depreciation Total : TRY 11.700

Is the total amount included in depreciation or just the amount for 2 motors which is TRY 10.000.

(19.12.2018)

 

We think that all of the above, except for the motor, are written off.

 

 

 

 

 

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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