Author: Introbooks Team
Narrator: Andrea Giordani
Unabridged: 0 hr 43 min
Format: Digital Audiobook
Publisher: Findaway Voices
Published: 06/08/2019
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.
Accounting: A Simple (But Complete) GuideThe Beginner's Guide to Get Started with AccountingIf you want real life, effective advice to make accounting work for you, then read Accounting, A Complete Guide to Financial and Managerial Accounting for Be...
This is a 2-book bundle, consisting of these books:Book 1: This guide covers a whole range of topics related to doing your accounting tasks and numbers properly. Such topics include: NettingAdvance paymentsLiquidation preferenceRollover riskLea...
Stop Being Sloppy and Mess up Your Finances – Discover How to do Bookkeeping in a Simple, Proven Way that Even Kids Can Follow !!!Whether you are just starting your business or have had your business for years, it is important t...
Thousands use QuickBooks - But only a few do it right.Why Your Accounting is Missing the Mark (And How You Can Fix It)Never worry about what to cook again with these great Book. Thanks to this new guide you can learn how to use the QuickBooks softwa...
This is a 6-book bundle, consisting of these books:Book 1: When doing taxes, accounting, or income statements, many people are puzzled. It starts with knowing what is what: the definitions. Then, filling out the balance sheets and the numbers, can b...
Many small businesses owners are ready to get started, but they may be worried about taking care of all the accounting. They worry about how to get all these finances set up and may feel that it will be too tough. But with the help of the QuickBooks...
Learn the principles of Accounting for Small Business...The field of accounting can be very important to any business. These professionals make sure that there is a good bookkeeping system in place for the business, helps prepare a lot of important ...
re you fascinated with an idea of launching and growing your own enterprise? Do you with to start a business but don’t have the slightest idea of how to proceed?If so, then don't sweat it because we’ve got just the book for you! Starting...
This is a 2-book bundle, consisting of these books:Book 1: When doing taxes, accounting, or income statements, many people are puzzled. It starts with knowing what is what: the definitions. Then, filling out the balance sheets and the numbers, can b...