What Is Depreciation: Definition, Types, and Calculation
If the vehicle were to be sold and the sales price exceeded the depreciated value (net book value) then the excess would be considered a gain and subject to depreciation…
The Pros & Cons of Variable Costing Accounting
Auditors and financial stakeholders will require it for external reporting. Small businesses may also be required to use absorption costing for their tax reporting depending on their type of business…
What Does An Accounting Consultant Do? Roles And Responsibilities
Hiring an Accounting Consultant can be challenging due to the specific skill set and qualifications fixed asset accounting made simple needed for the job. They should also have strong problem-solving…