Tag: depreciation
The True Cost of Car Ownership: How to Factor in Maintenance,...
Is it Expensive to Own a Car?
Yes, it can be expensive to own a vehicle. According to Forbes, over 270 million Americans own a...
Impaired Asset
What is an 'Impaired Asset' An impaired asset is a company's asset that has a market price less than the value listed...
Year To Date (YTD)
What is 'Year To Date - YTD' Year to date (YTD) refers to the period beginning the first day of the current...
Implicit Rental Rate
What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing...
Accelerated Depreciation
DefinitionAccelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in...
Accelerated Cost Recovery System (ACRS)
What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS...
Abandonment And Salvage
Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...
Salvage Value
What is a 'Salvage Value'
Salvage value is the estimated value that the owner is paid when the item is sold at the end of...
Fixed Assets
What are Fixed Assets
Fixed assets are physical or tangible assets that are long-term in nature and are not expected to be converted into cash...
Wear And Tear Exclusion
Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...