Tag: depreciation
Half-Year Convention For Depreciation
Half-Year Convention For Depreciation What is the 'Half-Year Convention For Depreciation' The half-year convention for depreciation is the depreciation schedule that treats...
Impaired Asset
Impaired Asset What is an 'Impaired Asset' An impaired asset is a company's asset that has a market price less than the...
Year To Date (YTD)
Year To Date (YTD) What is 'Year To Date - YTD' Year to date (YTD) refers to the period beginning the first...
Implicit Rental Rate
Implicit Rental Rate What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own...
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)
Accelerated Cost Recovery System (ACRS) What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery...
Abandonment And Salvage
Abandonment And Salvage What is 'Abandonment And Salvage' An expression that describes the forfeiture of property and the ensuing claim over that...
Salvage Value
Salvage Value What is a 'Salvage Value' Salvage value is the estimated value that the owner is paid when the item is...
Fixed Assets
DefinitionFixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot...
Wear And Tear Exclusion
Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...