Ads
related to: less accumulated depreciation balance sheet account- Take A Product Tour
Find Out Why 23,000+ Companies
Choose Us. Take The Product Tour.
- Contact A Representative
Interested In Learning More?
Get In Touch With A Rep Today.
- Cloud Accounting Software
Automate Your Most Important
Processes with Cloud-Based Finance.
- Free Webinars
Join Our Expert-led Webinars to
Help Supercharge Your Business.
- Take A Product Tour
Search results
Results From The WOW.Com Content Network
In accounting, book value (or carrying value) is the value of an asset according to its balance sheet account balance. [1] For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset.
Depreciation helps companies account for the declining worth of their assets. How Companies Use Depreciation Consider a company that spends $100,000 to buy a piece of equipment needed to ...
Accumulated depreciation is known as a contra account, because it separately shows a negative amount that is directly associated with an accumulated depreciation account on the balance sheet. Depreciation expense is usually charged against the relevant asset directly.
Depreciation: The depreciable amount (cost less residual value) should be allocated on a systematic basis over the asset's useful life. That is, the mark-down in value of the asset should be recognised as an expense in the income statement every accounting period throughout the asset's useful life. [ 1 ]
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, [1] pronounced / ˈ iː b ɪ t d ɑː,-b ə-, ˈ ɛ-/ [2]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base.