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Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Wiki User
∙ 13y ago
Open-end lease
Wiki User
∙ 13y ago
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What type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Open End lease
The difference between the cost of an asset and the accumulated depreciation for that asset is called?
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
What is the difference between depreciation and accumulated depreciation?
Depreciation is for a particular year (say for Year 3). Accumulated depreciation is the aggregate of depreciation from the beginning (say from Year 1 to Year 3)
How do you account difference between depreciation as book and depreciation as tax?
This will be found under "deferred taxes" on the income statement.
What is the Difference between accumulated depreciation and depreciation?
Depreciation expense is a nominal account which will goin to net income at the end of term. Accumulated depreciation is a contra account with capital assets which shows up in balance sheet.
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
What is the difference between accounting depreciation and tax depreciation?
In accounting, depreciation is an allocation of a previous expenditure, while in economics depreciation represents a decline in current value.
What is the difference between depreciation and depletion?
Depreciation refers to the reduction in value of an item after some time. On the other hand, depletion is the exhaustion of materials that might not have a way of renewal.
What is the estimated difference between 53 and 37?
16
The difference between the balance of a fixed asses account and the related accumulated depreciation account is termed?
Book Value
What is the difference between gross and net dscr?
Gross DSCR= Cash accruals ( Profit after tax + Depreciation) + Interest ----------------------------------------------------------- Installments of loan + Interest Net DSCR = Cash Accruals (PAT + Depreciation) -------------------------------------- Installments
What is the difference between an army and a navy?
army-responsible on land navy-responsible at sea
