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What is an antonym for depreciation?
Appreciation is an antonym for depreciation.
Make a sentence with a word depreciation?
The accountant calculated the depreciation of the computer over a period of five years.
Can you give me a sentence with the word depreciation?
Interest rates also have to be held down to secure a currency depreciation.
What is a sentence using the word depreciation?
My 1998 Jaguar has suffered no small depreciation.
Differences between currency depreciation and apreciation?
Devaluation and depreciation are often interchangeable, although there is a subtle difference. Devaluation refers to changing the value of a currency in a fixed exchange rate, while depreciation is decreasing the value in a floating exchange rate.
How deprecaition interacts with prudence and matching concepts?
Prudence concept tends to understate the profit . depreciation is a tool through which we record our losses , which means that our profit is declining .This means that depreciation is a supportive tool for reducing profit. Matching concept tends to record the expense to the revenue generated from the assets . Hence depreciation fulfils the requirements of both the concepts .
What is the application of the matching principleto depreciation of plant and equipment can best be described as?
What is The application of the matching principle to depreciation of plant and equipment can best be described as?
Distinguish between depreciation policy and the concept of depreciation?
Depreciation policy is management thing that what depreciation method to use and how much depreciation to charge to each asset. Depreciation concepts are concepts which govern the depreciation process which management cannot change they are universal rules to follow depreciation that how straight line depreciation work etc.
Is depreciation an example of the matching concept?
Yes depreciation expense is also an example of matching concept as in this way part of fixed asset cost is apportioned to income statement and depreciation is not used in cash basis of accounting as there cash purchase is fully expensed in purchasing year.
What is it called when matching the cost of an asset with the revenue it is expected to produced?
Depreciation or Amortization.
What is an advantage and disadvantage of units of production depreciation?
Advantages: Easy to use Matches Cost to revenues (Matching Concept) Disadvantages: Depreciation can not be charged when the Asset is not in use.
Is the matching and accrual concepts similar?
Matching concept is the basis for accrual accounting system so Yes they are same.
Why you have depreciation?
Depreciation is used to allocate the fixed cost of asset to specific fiscal years during which that fixed asset is used to earn revenue if depreciation is not used then all cost is charged to one fiscal year which is against the matching concept.
Difference between matching and revenue recognition concept?
Matching concepts advocates the matching of one fiscal year revenues with same fiscal year expenses while revenue recogition concepts advocates the no revenue can be recognised until product is not transferred to third party.
Which principle best describes the conceptual rationale for the method of matching depreciation expense with revenues?
Systematic and rational allocation
When to use a matching type assessment method?
Matching type assessment questions can be used when the answers require critical thinking. When the answer isn't straight forward, matching can help users identity concepts.
Accounting concepts where adjustments for prepayments and accruals are based?
Matching principle. Go SPC.
