Fixed asset accounting: Asset capitalizing rules, do's & don'ts
March 15, 2021
If an asset will have a residual value at the end of its service life that can be realized through sale or trade-in, depreciation should be calculated on cost less the estimated salvage value. Remember, the depreciable life is the term that the asset is used by the owner, but if the asset is not […]
Consignment Accounting
December 11, 2020
Content Consignor Pays Expenses Treatment of Abnormal Loss Set up consignors as vendors and classes Community Create a free account to unlock this Template Balance Sheet Company And yes, Intuit should put more care in the choice of admins and talk to beginners as well, as beginners are their future.... I have typed the above […]