Duizenden luisterboeken en ebooks in één app. Van grote klassiekers tot spannende romans, van kinderboeken tot boeken die je weer kind maken. Ontdek Storytel nu - opzeggen kan altijd.
Probeer gratis3.5
Economie & Zakelijk
There are a lot of talks going around when it comes to adjustment of fixed assets and depreciation expense in accounting terms. Depreciation is almost similar to that of any other expenses in the fact that all expenses are deducted from sales revenue to determine profit. Keeping this apart, however, depreciation is very different from most other expenses. (Amortization expense, which we get to later, is a kissing cousin of depreciation. ) When a business buys or builds a long-term operating asset, the cost of the asset is recorded in a specific fixed asset account. Fixed is an overstatement; although the assets may last a long time, eventually they're retired from service.
The main point is that the cost of a long-term operating or fixed asset is spread out, or allocated, over its expected useful life to the business. Each year of use bears some portion of the cost of the fixed asset. The depreciation expense recorded in the period doesn't require any cash outlay during the period. (The cash outlay occurred when the fixed asset was acquired, or perhaps later when a loan was secured for part of the total cost.
© 2020 IntroBooks (Luisterboek): 9781987175615
Publicatiedatum
Luisterboek: 11 maart 2020
3.5
Economie & Zakelijk
There are a lot of talks going around when it comes to adjustment of fixed assets and depreciation expense in accounting terms. Depreciation is almost similar to that of any other expenses in the fact that all expenses are deducted from sales revenue to determine profit. Keeping this apart, however, depreciation is very different from most other expenses. (Amortization expense, which we get to later, is a kissing cousin of depreciation. ) When a business buys or builds a long-term operating asset, the cost of the asset is recorded in a specific fixed asset account. Fixed is an overstatement; although the assets may last a long time, eventually they're retired from service.
The main point is that the cost of a long-term operating or fixed asset is spread out, or allocated, over its expected useful life to the business. Each year of use bears some portion of the cost of the fixed asset. The depreciation expense recorded in the period doesn't require any cash outlay during the period. (The cash outlay occurred when the fixed asset was acquired, or perhaps later when a loan was secured for part of the total cost.
© 2020 IntroBooks (Luisterboek): 9781987175615
Publicatiedatum
Luisterboek: 11 maart 2020
Onbeperkte toegang tot een oneindige bibliotheek vol verhalen - allemaal in 1 app.
Gebaseerd op 10 beoordelingen
Verhelderend
Inspirerend
Gezellig
Download de app om deel te nemen aan het gesprek en beoordelingen toe te voegen.
Nederlands
België