Posts tagged Straight Line Method

For a starter, understanding fixed asset accounting takes somewhat longer time compare to other area of financial accounting. Started from the acquisition cost [initial purchase], …

As a business uses its assets, the assets eventually get used up. Businesses track the use of their assets by calculating depreciation expenses. This post …

The basic theory of depreciation accounting is unarguable: The amount of capital a business invests in a fixed asset, less its estimated future residual (salvage) …

In accounting for liabilities, a controller must consider many reporting and disclosure responsibilities. Two of those many reporting concern are: “Bonds payable may be issued …