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Is bad debt a current liability or expense?
Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.
What is tax recoverable?
A recoverable tax is exactly how it sounds. It is money that can be recovered from the sales of your merchandise.
What is income taxes recoverable?
Recoverable income tax comprises income tax withheld on financial investments and is available to be offset against other similar income taxes payable. The Company and its operating subsidiaries offset recoverable income taxes against liabilities related to payroll tax withheld from employees.
Is HST Recoverable a debit or credit on a opening balance?
debit
Is tax recoverable deducted from current assets in calculation of quick ratio?
yes
What is the differences between impairment and depreciation?
Depreciation means the depreciable amount of an asset (cost/revalued amount less residual value) is allocated on a systematic basis over its useful life.Depreciation = Depreciable amount / Useful lifeImpairment means when an asset/s carrying amount is exceeds its recoverable amount, the amount over recoverable amount should be write off from carrying amount and present in Balance Sheet. This process is call as ImpairmentAn impairment (loss) is the amount by which the carrying amount (i.e. balance sheet value) of an asset or cash-generating unit exceeds its recoverable amount.Impairment = Carrying value - Recoverable amountIf there is any indication that an asset may be impaired, the entity should estimate its recoverable amount. If the recoverable amount is less than the carrying amount, the carrying amount of the asset should be reduced to the recoverable amount.
What is non-recoverable depreciation?
Non-Recoverable depreciation is depreciation that is not recoverable, that is the obvious answer. In most states a standard Replacement Cost Policy will pay an insured for the replacement cost minus deprecation. As long as you replace the item within a specified amount of time which is typically anywhere from 90 days to a year, you will be able to recover the amount that was depreciated. In a Actual Cash Value type policy this depreciation is NOT recoverable. It is very important to know what type of policy you have before you need it!
What the mean of impairment of the assetsplease example?
impairment loss f an asset is the reduction in the income generating ability of that asset. it is calculated as: carrying value less recoverable amount. -carryibg value is the cost less accumulated depreciation -recoverable amount is the higher amount between the net selling price of an asset and its value in use.
What is non recoverable depreciation?
It is the depreciation amount that is not covered by the policy. Polices that are based on ACV (Actual Value), rather than RC (Replacement Cost) do not cover value lost due to depreciation.
What are pay outs for pain and suffering?
The "payout" is commensurate to the amount of pain and suffering you actually experienced. Stress is not recoverable.
Is bad debt a current liability or expense?
Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.
Is depreciation on carpet pad recoverable or non-recoverable for insurance claim purposes?
Recoverable altho you were foolish not to have "replacement cost". Then you are covered at 100%
What is tax recoverable?
A recoverable tax is exactly how it sounds. It is money that can be recovered from the sales of your merchandise.
What is the prefix for retrievable?
The prefix for "retrievable" is "re-".
Is the Costa Concordia recoverable?
yes.
What is the prefix of reparable?
Did you mean, "What is the Prefix of Recoverable?" If so, the prefix in the word "Recoverable" is "Re" which means "back" or "again".
Is there non recoverable coal?
Yes. Yes.
