ABSTRACT
This study is aimed at the appraisal
of the theory and application of depreciation in the manufacturing industry a
Case study of Nigerite Limited Ikeja the main objectives of the study are to
evaluate the practice and theory of depreciation manufacturing organization. To evaluate the
factors that affects the rates and techniques of depreciation of asset. to
evaluate the theory and practice of' depreciation in an inflationary situation
such as Nigeria and to make recommendation on how to tackle the problems of
depreciation in the manufacturing organizations The methodology adopted for the
study is the simple random sampling technique.
The research instruments are structured questionnaires contain both opens and
closed ended questions Chi-square (X2) is used of validity of
research hypothesis. Also the coefficient of Association is used to determine
the degree of relationship between the dependent and independent variables. The
findings are that the manufacturing company for the study -- Nigerite limited Ike a, has good accounting system and
books of accounts, that's the company is both labour and machine intensive That
depreciation is applied in all the assets of the company. That due to the high
rate of inflation, provision for depreciation is not considered effective means
for assets replacement and lastly that most of the manufacturing companies used
straight line techniques of depreciation along side with other ones such as
reducing balance method. The key recommendations made for the study arc that
manufacturing companies should ensure that their staff arc well trained in
accounting and bookkeeping. That assets should be re-valued only when it is
quite necessary to update the value of the asseth. And lastly, the Nigerian
Accounting standard Board, should update the current . standards on Assets
depreciation in an inflationary situations.
MICHAEL, U (2021). Appraisal And Application Of Depreciation In The Manufacturing Industry (Case Study Of Nigerite Limited Ikeja). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-and-application-of-depreciation-in-the-manufacturing-industry-case-study-of-nigerite-limited-ikeja-7-2
UNIVERSITY, MICHAEL. "Appraisal And Application Of Depreciation In The Manufacturing Industry (Case Study Of Nigerite Limited Ikeja)" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2021, https://repository.mouau.edu.ng/work/view/appraisal-and-application-of-depreciation-in-the-manufacturing-industry-case-study-of-nigerite-limited-ikeja-7-2. Accessed 01 Nov. 2024.
UNIVERSITY, MICHAEL. "Appraisal And Application Of Depreciation In The Manufacturing Industry (Case Study Of Nigerite Limited Ikeja)". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-and-application-of-depreciation-in-the-manufacturing-industry-case-study-of-nigerite-limited-ikeja-7-2 >.
UNIVERSITY, MICHAEL. "Appraisal And Application Of Depreciation In The Manufacturing Industry (Case Study Of Nigerite Limited Ikeja)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-and-application-of-depreciation-in-the-manufacturing-industry-case-study-of-nigerite-limited-ikeja-7-2