1.In practice, this is often insignificant and immaterial in the calculation of depreciable cost.2.These are facilities owned but no longer adopted for use in business Revaluation modelReplacementsTrade discountsVariable methodIdle AssetsQualifying AssetBorrowing costRetirementCash discountSaleCost modelAdditions ObsolescenceDepreciationDeclining Balance MethodDepreciable costUseful lifeInterest expenseScrap valueInadequacy

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1.In practice, this is often insignificant and immaterial in the calculation of depreciable cost. 2.These are facilities owned but no longer adopted for use in business

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.In practice, this is often insignificant and immaterial in the calculation of depreciable cost.

2.These are facilities owned but no longer adopted for use in business

Revaluation model
Replacements
Trade discounts
Variable method
Idle Assets
Qualifying Asset
Borrowing cost
Retirement
Cash discount
Sale
Cost model
Additions

Obsolescence
Depreciation
Declining Balance Method
Depreciable cost
Useful life
Interest expense
Scrap value
Inadequacy

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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