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What is the Other name of revaluation of asset?
The revaluation of an asset is also known as "fair value assessment" or "asset appraisal." This process involves adjusting the book value of an asset to reflect its current market value, often leading to an increase or decrease in the asset's recorded value on the balance sheet. Revaluation is typically performed for financial reporting purposes and can impact depreciation calculations and overall financial statements.
What type of account is asset account?
An asset account is a "balance sheet" account. That is, when financial reports are created, the balances in asset accounts are reported on the balance sheet*, together with the balances in liability accounts and shareholders' equity accounts, and not on the income statement (which reports only revenues and expenses for the period of time ending on the balance sheet date.) *Another name for the balance sheet is the Statement of Financial Position.
What is an intangible asset and give an example?
trade mark ,brand name ,patent ,,,,any service
Is a prepaid pension asset an intangible asset?
Intangible assets are assets that are not physical in nature. In today's marketplace, they include company's brand name, prepaid pension, goodwill, and company patents, among others.
Are advertising expenses is considered an asset or liability?
it is an assetAlternate answerAdvertising expenses enhance the brand name of a company. The market value of a company might very well increase as a result of advertising. Accounting principles (US GAAP and IFRS) nevertheless do not recognize marketing expenditures as an asset, because the future benefits may not be measured realibly. In short: marketing expenses are not an asset, but are expensed instead.Note: advertising expenses may result in a liability (accounts payable) if the company still needs to pay the advertising company. The liability disappears when the bills have been paid.
What is the other name for book value?
The other name for book value is "net asset value" (NAV). It represents the value of a company's assets minus its liabilities, reflecting the equity available to shareholders. This metric is often used to assess the fundamental value of a company in financial analysis.
What is the Other name of revaluation of asset?
The revaluation of an asset is also known as "fair value assessment" or "asset appraisal." This process involves adjusting the book value of an asset to reflect its current market value, often leading to an increase or decrease in the asset's recorded value on the balance sheet. Revaluation is typically performed for financial reporting purposes and can impact depreciation calculations and overall financial statements.
Another name for the book of Sirach is?
The old name for this book is Ecclesiasticus.
What would be another name for the book eclipse?
there is no other name for book eclipse
What is another name for constant value?
A fixed value or a static value.
What is another name for book or novel?
Another name for a book or novel is a literary work or a tome.
What is Another name for bookbinding?
Another name for bookbinding is bookbinding or book making.
What is another name for constant?
A fixed value or a static value.
What is another name for a domain in algebra?
Domain refers to the value(s) X can be. I suppose "another name" could be "X value."
What is another name for Bible?
The book of life.
Another name for the y axis?
Another name for the y-axis is the vertical axis.
What is another name for book jacket ad?
blurb
