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Yes, depreciation should continue to be recorded on a building even if its current market value exceeds the original cost. Depreciation reflects the allocation of the asset's cost over its useful life, accounting for wear and tear, obsolescence, and usage, rather than fluctuations in market value. The accounting principle of conservatism dictates that financial statements should not overstate asset values, so recording depreciation remains appropriate regardless of market trends.
What else can I help you with?
What is intangible evidence?
evidence in which you cant touch
How is the physical evidence in HSBC bank?
physical evidence in HSBC
What are the sources of audit evidence?
management evidences and direct conformation evidence
Factors affecting sufficiency and appropriateness of audit evidence?
Source of evidenceIndependence of evidence sourceEffectiveness of internal controlsOriginality of documentationvailability and existence of documentation
What are GAAPs?
© Business Entity Concept Accounting records be kept separate to owners records, other business etc. © The Continuing Concern Concept A business will continue to operate unless it is known that it will not. © The Principle of Conservatism All records must be fair and reasonable. © The Objectivity Principle Recorded on the basis of objective evidence. Objective evidence means anyone looking at the evidence will arrive at the same answer. © Revenue Recognition Convention States that revenue is recorded in the accounts at the same time the transaction is completed. © Time Period Concept Provides that accounting take place over the fiscal periods. © The matching Principle An extension of revenue recognition. Each expense item related to revenue earned must be recorded in the same accounting period as the revenue it helped to earn. © The Cost Principle The accounting for purchases must be at the cost price to the purchaser. © The Consistency Principle Business must use the same accounting methods and procedures from period to period. © The Materiality Principle The materiality principle requires accountants to follow generally accepted accounting principles except when to do so would be expensive or difficult. © The Full Disclosure Principle States that all the information needed for a full understanding of a company's financial statements must be included.
Traditional southerners felt that urban development in the south was?
evidence of the continuing domination of the North.
Can evidence not named in indictment be used in trial?
Yes, absolutely. The investigation into the offense may well still be continuing and additional evidence uncovered. As long as the defense is advised of this evidence during 'discovery' it is perfectly admissible.
What is mean of components in investigation?
i think (components = Evidence) when you have evidence you can start building a picture of how or what happend and so on.
What evidence has led scientists to predict will the universe continue forever?
they know everything
What do you do if you didn't get enough evidence in phoenix wright ace attorney justice for all?
You cannot proceed with the game if you have not received all the evidence. The evidence acts as a trigger to continue the story.
Are they building a titanic 3?
I don't think so but there is evidence that they might be.
Is there evidence that Stephenie Meyer could possibly continue Midnight Sun?
At this time Stephanie Meyer has not disclosed whether or not she will continue to write Midnight Sun.
What is a person who secretly watching a building place or person for evidence of criminal activity?
Use a webcam to record comings and goings.
What is the statute of limitation in a capital murder charge without evidence?
Most places will not have a statute of limitations on murder. Even without evidence, they will continue to search for the perpetrator.
What is the evidence of the occupants of the house in there will come soft rains?
Their silhouettes are burned into the side of the building.
What evidence is left of the occupants of the house in there will come soft rains?
Their silhouettes are burned into the side of the building.
When building an outline how should a writer categorize each piece of evidence?
According to the claim it supports
