DEPRECIATION

Depreciation Schedule

  this section aims to:

  1. relate the total and average years in depreciation in the preparation of depreciation schedule; and

  2. construct the depreciation schedule.

  Depreciation is the lost in value of physical assets through its use. The yearly deposits into the depreciation fund are called depreciation charges. The depreciation fund is the portions of a given amount at the end of its useful life or the difference between the original cost of the asset and the sum in the depreciation fund is called the book value of the asset. At the end of the year.

The gradual reduction of an asset's value. It is an expense, but because it is non-cash, it is often effectively a tax write-off; that is, a person or company usually may reduce his/her/its taxable income by the amount of the depreciation on the asset. Because there are many different ways to account depreciation, it often bears only a rough resemblance to the asset's useful life. This may further benefit the company as they may continue to use the asset tax-free after its value has technically depreciated to nothing. 


Here's a simple eample i got from the internet.

Example: A copy machine is purchased for $3,217.89. The expected life is 4 years. Using double declining balance the depreciation would be calculated as follows:
factor = 2 * (1/4) = 0.50

Year	Depreciable Basis	Depreciation Calculation	Depreciation Expense	Accumulated Depreciation
1	3,217.89	3,217.89 * 0.5	1,608.95	1,608.94
2	1,608.94	1,608.94 * 0.5	804.47	2,413.41
3	804.48	804.48 * 0.5	402.24	2,815.65
4	402.24	402.24 * 0.5	201.12	3,016.77

Sample problem from: http://www.assetaide.com/depreciation/calculation.html
Checked by Prof. Crisencio Paner 

BANK RECONCILIATION

WHAT IS BANK RECONCILIATION?  Bank Reconciliation is the process of bringing the bank's monthly report for each depositor showing deposits made, check written, cancelled checks, and service charges. Checkbook contains checks and check stubs. The checks are filled out by the depositors made, and of charges made by the bank. Reconcilliation statement putting an agreement the bank statement balance and the checkbook balance.


Here are some reasons why there is a bank reconciliation.

The differences in the balances may be due to:

  1.Outstanding Checks These are checks issued by the depositor but have not yet been presented to the bank for payment.

  2.Deposit in Transit. These are deposits made but late to be included in the monthly bank statement.

  3.Service Charges.

  4.Errors in check stub entries.

  5.Cancelled checks. These are checks that have been paid by the bank.


This informations will help if you will open an account with check. Checks are important mostly for those businessman and companies. But what is checks for? Checks are for safety purposes of the account owner. Like for an example, if you are to buy a land that costs 1-2 Million and you don't want to carry it along the way because something might happen like robbery or hold-ups. For me, if I'm going to pay my tuition fee, my Dad will give me a check instead of the money also for my safety because I commute everyday when I go to school. I don't want to bring 20 thousands or more money with no guard or somebody who will protect me, it is a little bit scary to bring too much money. My Dad also use his checks for his business.  We owned a retailer for gas, oxygen, trading and general merchandise, if we will order or fill up my Dad pays the through checks and sometimes uses Post dated checks.

The picture above is one example of a check. My Dad said that every check almost cost 30 pesos so he said don't waste it. He also writes the amount written in every checks in the first page of the check book. It's for the balance the checkbook for the checking of Account. It looks like this:

This is to keep track of your checks.

Approved by : http://mathduhmatics.blogspot.com/2012/06/our-very-own-math-professor.html

Our very own Math Professor

CRISENCIO M. PANER    

                                                                                                                                      

CP : 0915-1429675                                                             Email : panercris@gmail.com                                                                                                         

Glimpse of Crisencio Paner: http://www.youtube.com/watch?v=JmOWKyzryGk

EDUCATION

•        Ph.D. in Biological Science (candidate)

University of Santo Tomas, Graduate School

• M.S. Microbiology

University of Santo Tomas

      Thesis: “Chemical Control of Fungi Infesting Easel Oil Paintings at

                   University of Santo Tomas Museum of Arts and Sciences”

     

      Published in: Prime Journal of Microbiology Research

                            http://primejournal.org/PJMR/abstract/2012/may/Paner.htm

                                 http://primejournal.org/PJMR/cont/2012/may.htm

  

• Italian Scholarship Grant

Restoration and Conservation of Artworks Attacked by Biological Agents

Istituto Centrale Per Il Restauro, Rome, Italy (January 1-June 30, 2004)

• B.S. Biochemistry

University of Santo Tomas

• Professional Teaching Certification Program (Major in Biological Science)

Caloocan City Polytechnic College

PUBLICATIONS

 Book:

  Co-author in LET Reviewer in Biology, 2006-2010 eds. Published by MET Inc.

                          ISBN # 97193249-6-1, sold in National Bookstores                                                                                                                 

Articles:

• Understanding Museum Pests: The Molds. CFAD Atelier Journal, University of  Santo Tomas, Vol. 2 No. 1, 2003-2004, pp. 80-83
• On the Conservation of 20^th Century Color Photographs Attacked by Molds. CFAD Atelier Journal, UST., Vol. 2 No. 1, 2003-2004, pp. 106-113
• Witnessing the Glory of Italy in Its Art History and Ancient Spaces. CFAD Atelier Journal, UST, Vol. 3 No. 1, 2004-2005, pp. 55-72 
• _______________. Panorama Magazine, November 13, 2005, pp. 12, 13, & 21.
• Deterioration of Paintings and Painting Components Caused by Microorganisms. CFAD Atelier Journal, UST., Vol. 3 No. 1, 2004-2005, pp. 91-94
• Microbial Deterioration of Painting Materials. CFAD Atelier Journal, UST., Vol. 3 No. 1, 2004-2005, pp. 94-97.
• Conservation of Paintings Attacked by Molds. In College Freshman English Book II. Agalabia, U., Aranda, R., et. al., pp. 124-125, UST Publishing House, 2004
• Today’s Restoration Establishments.  CFAD Atelier Journal, UST., Vol. 4 & 5 No. 1, 2005-2006 & 2006-2007, pp. 95-99

RESEARCH WORK

·        Indoor Air Quality of Beato Angelico Building of the University of Santo Tomas -Commissioned by UST (Nov. 2009-May 2010)

BLOGS/ADS

1.    http://internet-moneymakingsecrets.blogspot.com (Money-Making Secrets)

2.    http://internet-moneymakingsecrets.weebly.com   (Internet Marketing Secrets)

3.    http://cmpaner.blogspot.com  (The Painting Doctor-“Restorer/Conservator”)

4.    http://sulit.com.ph/3498047  (Research assistance/Thesis Assistance/Thesis Editing)

5.    http://sulit.com.ph/4829772 (LET Review by a LET Topnotcher and Veteran Reviewer)

6.    http://sulit.com.ph/5040331 (Lotto Secrets Revealed!)

7.    http://sulit.com.ph/5058879 (Muscle Building Cookbook)

8.    http://sulit.com.ph/5069982 (Wedding Photography Secrets)

9.    http://sulit.com.ph/4973311 (Food Cart Franchise Business)

10.  http://sulit.com.ph/4833582 (St. Peter Life Plan and Memorial Chapels)

11.  http://sulit.com.ph/4186306 ( Art and Craft Materials for Sale At Low Price!)

12.  http://sulit.com.ph/4621349 (Cleaning and Restoration of Paintings)

13.  http://sulit.com.ph/4869897  (Natracare Food Supplements)

14.  http://sulit.com.ph/4802983 (LET Reviewer Books)

15.  http://sulit.com.ph/5021693 (How to Lose Weight Fast!)

16.  http://sulit.com.ph/5093345 ( How to Stop Hair Loss and Regrow It the Natural Way)

17.  http://sulit.com.ph/5126659  (How to Get Pregnant Fast!)

18.  http://sulit.com.ph/4930508  (Condo for Rent at 39K Infinity Tower, Global City, Taguig)

19.  http://sulit.com.ph/5538321  (Licensure Exams for Teachers LET online review)

20.  http://sulit.com.ph/5423603  (Internet Marketing Illuminati- How to Make Money Online Fast!)

21.  http://sulit.com.ph/5352564  (Internet Millionaire Looking for Students!)

22.  http://sulit.com.ph/5628715  (The Ultimate Diablo 3 Guide)

WORK  EXPERIENCE

• Instructor 5, CFAD, IPEA, Pharmacy, CTHM, University of Santo Tomas

SY 1995-Present

Subjects taught: Organic Chemistry lab., Statistics, College Algebra,

                           Algebra with Trigonometry, Business Math, Physics,

                          Plane & Solid Geometry, Environmental Science, Biology

                                                                                                                                                

• Part Time Instructor, Our Lady of Perpetual Help College, Manila

Subjects taught: Food Microbiology (Lecture and Laboratory)                                                                                                         

• Part Time Instructor, St. Paul’s College, Quezon City

Subjects taught: Lec. & Lab: General Microbiology, Biochemistry, Microtechnique

• Part Time Instructor, Unciano Colleges and General Hospital, Inc., Manila

Subjects taught: Lec. & Lab: General Microbiology and Parasitology, Inorganic Chemistry,

                          Comparative Anatomy, Botany, Organic Chemistry, General Zoology,

                          Biology, Biochemistry

OTHER PROFESSIONAL EXPERIENCE

·         Editor and Professional Consultant, MET Publishing House, Manila

·         Microbiologist, Silver Swan Manufacturing Inc.,Panghulo, Malabon

·         Biochemist, Watercare Philippines, Inc., Valenzuela City

·         Food Production Researcher(Mushroom Culture), TWH, Inc., Cainta Rizal

·         Review Director for LET, Center for Educational Excellence, Inc.

·         Project Consultant on “Biodeterioration of Artworks”, Paper Conservation Laboratory, Archives Dept., Arzobispado de Manila

Projects: Conservation of paintings by Fernando Amorsolo, Botong Francisco,

               Ben Cab, Cezar Legaspi, Simon Flores, Betsy Westerndorp

·         Licensure Exams For Teachers (LET) Reviewer at:

- Malabon City University,MET Review Center, UST-College of Education, Caloocan   Polytechnic College, Trinity College, & Center for Educational Excellence Inc.

AWARDS AND HONORS

• Beato  Angelico Service Award
• 10^th Placer (85.60%), Licensure Examinations for Teachers (LET)
• Full College Scholarship by Lourdes Reyes Foundation
• Professional Civil Service Examinations, weighted ave: 86.49%
• Valedictorian, High School
• Salutatorian, Elementary
• Certificate of Appreciation as resource speaker on the topic “Visual Arts and Restorations”, Faculty-Student Art Forum, Beato Angelico Bldg.,UST.
• Recognition Award for invaluable support and committed service to HARIBON UST as adviser from 2002-2004
• Honored as 4^th Degree(highest degree) member of the Knights of Columbus

 Given by Philippine District IV-NCR

·            Loyalty and Faithful Award for 13 years of Service

 Knights of Columbus UST- Faculty Council 4321

·            Dedicated and Competent Service Award as LET Reviewer

 Malabon City University                                                                                           

·            Champion, Pautakan Quiz Bee for Coaches, UST                                                          

·            Family of the Year Award

            Knights of Columbus UST Faculty Council 4321

·         UST Graduate School Thesis Writing Grant

  UST Graduate School Alumni Association

·         Certificate of Recognition for invaluable Contribution as Lecturer/Reviewer

 Pilot Project on Review Classes for Licensure Examinations for Teachers

 College of Education, UST                                                   

·      Certificate of Appreciation as guest speaker on the topic “Products that Cause Cancer”, given by NEWAYS International (Phils.), Makati City

       

TRAINING /SEMINAR WORKSHOPS

• Seminar on Test and Measurement Evaluation

• Seminar on Principles/Philosophy of Education

·        Faculty Development Seminar

• Traditional Filipino Art

• Curriculum Development                                                
• Rubrics Development Across Disciplines                                         
• Certificate on Adobe Photoshop
• Certificate on PC Troubleshooting and Networking
• The Ethics of Teaching
• Rights and Responsibilities of the Faculty Members, Academic and Administrative Officials and Office Staff Seminar                                                   
• UST-CFAD Planning and Development Seminar
• Shepherding the Shepherds
• Workshop on Syllabus Construction                                                                        
• Textbook and Learning Materials Development
• Computer Literacy on Adobe Illustrator, Photoshop, & MS Excel
• Symposium on Waste Management
• Ecological Symposium
• Bringing Out the Best in Me and the Best in You
• Integrating Media in Classroom Instruction( Design, Production, and Utilization of Media)
• Principles and Methods of Humane Educators
• Certificate on Basic Industrial Electronics
• Certificate on Information Technology
• Symposium on the Preservation of our Environment

·         Research Colloquia on Indoor Air and Water Quality in Relation to Building Design

·         Convention of Philippine Association of Academic Biochemists,          

• 16^th Annual Convention of Philippine Biochemical Society
• Script Writing Workshop
• Basic Business and Financial Management                                                             

AFFILIATIONS

• Member, CFAD- Adhoc Committee on Math Department
• Member, CFAD-Committee on Environmental Advocacy
• Member, CFAD-Adhoc Committee on Value Formation
• Board of Director

Philippine Association  for the Scientific Conservation of Cultural Properties   

• Deputy Grand Knight, Knights of Columbus UST Faculty Council No. 4321
• Auditor

College of Fine Arts & Design Faculty Association

• Adviser, HARIBON UST
• Business Manager, NOH-SCC Alumni Association
• Member, Outreach Program Committee

College of Architecture and Fine Arts

LANGUAGES SPOKEN

English, Filipino, Italian, Japanese

OTHER SPECIAL SKILLS/TALENTS

• Thesis Editing/Research Assistance
• Computer operation using MS Word, Excel, Powerpoint, Adobe Photoshop, Internet
• Computer Hardware repair and Software installations
• Website/Blog Construction
• Photography
• Swimming
• Playing Banduria
• Singing
• Riding ATV

THE WORD "MATH"

INSIDE MY HEAD WHEN IT COMES TO
MATHEMATICS.

This is my first time to write a blog about math, well actually my first time to write a blog, EVER. When it comes to numbers I usually get dizzy just the thought of it. Adding, Subtracting, Multiplying and Dividing is the basics, I have learned this since grade school well I think since primary, I can't remember. Back when I was in 4th grade I used to add our telephone numbers with my classmate's numbers on my cute calculator, it's color PINK and miniature. :"> I enjoy playing numbers with the calculator thinking that I am a bank teller even though I don't know what I'm doing back then. Those days, full of imaginations but I realize that people have BIG ambitions back when they are still kids.

So about the topic, for you what comes to your mind when you hear or see the word "MATH"? I know, numbers, equations, solutions and even MONEY. (cha-ching!) Yes, the power of money especially to those in the Business Industry, math is really important to it. Back when I was in high school, I used to have questions in my mind for my teacher (but only on my mind) on why is he teaching us math? is it relevant to us, to our future? Am I going to use all this equations when I grow up but I don't have the guts to ask him so it is still going on my mind. For you, DOES MATH REALLY RELEVANT TO US? Well, imagine a world without math, you cannot get your income, the net profit, loss, the amount of something and etc. MATH IS IMPORTANT ADMIT IT. 

What is PROFIT? For me, CHA-CHING! MONEY BABY, it is the amount of by which the sales are greater than the cost of the goods sold and the operating expenses. WHAT IS OPERATING EXPENSES? Well, it is the expense incurred in carrying out an organization's or a business' day-to-day activities, but not directly associated with production. Operating expenses include such things as payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes. These expenses are usually subdivided into selling expenses and administrative and general expenses. WOW, I know it is a bit hard to understand right? But you'll going to understand it more when you really have your own business. And I know someday, I will build up my very own business. 

Someday, i'll build up my dreams where I can have my very own business with related to Industrial Design of course. Math will help me organize my income and profit so that my soon to be business will not be bankrupt. That's MATH and I love it. That's all!

Checked and Approved by : http://mathduhmatics.blogspot.com/2012/06/our-very-own-math-professor.html