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It is depreciation. Depreciation, or cost recovery, is a method of taking the cost of an item as an expense over its usefull life.
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Give you some examples of selling expense?
Selling expense is any type of expense incurred to try to sell an item. Advertising, holding fees, and the purchase price that you paid for the item are all selling expenses.
What is the meaning of tax deduction?
Tax deduction is, in essence, not having to pay taxes on a certain item or service. However, this is not done in the actual price, but by requesting the paid tax back from the local government. This results in a net tax of zero on that item or service.
What is the verb of the noun expense?
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
What is the difference between value and cost?
value is the market price of an item cost in the expense incurred to obtain an item
What is a pre-tax deduction?
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
Give you some examples of selling expense?
Selling expense is any type of expense incurred to try to sell an item. Advertising, holding fees, and the purchase price that you paid for the item are all selling expenses.
What item is not a reimbursable expense when using your travel card?
Gifts
What item is big?
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
Would accumulated depreciation be set up as an expense account or other?
It would not be an expense. It would be a line item on the balance sheet, not sure which line item it would fall under.
What is the meaning of tax deduction?
Tax deduction is, in essence, not having to pay taxes on a certain item or service. However, this is not done in the actual price, but by requesting the paid tax back from the local government. This results in a net tax of zero on that item or service.
What is a big-ticket item?
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
What is the verb of the noun expense?
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
What is the difference between value and cost?
value is the market price of an item cost in the expense incurred to obtain an item
What item is not a reimbursable expense when using your travel charge card?
Gifts
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
What is a pre-tax deduction?
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
What is a pre tax deduction?
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
