Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months. Typical examples are ...

To appropriately record the amortization of an intangible asset, you need to know the useful life of the item in question, how much it cost to acquire and whether it will have any resale value after ...

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Learn what basis value is, how to calculate it, and see examples to understand its role in reducing tax burdens on fixed ...

To provide guidance for the accounting treatment of purchased and internally-generated intangible assets in compliance with gasb.No51 and University of Texas (UT ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

When RadioShack Corp. filed for bankruptcy protection last year, it raised more than $170 million by selling such holdings as real estate, leases and inventories of smartphones, computer cables and ...

Discover the key assumptions of accounting postulates and their role in shaping accounting standards, including revenue ...

TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. 143, Accounting for Asset Retirement Obligations. The statement ...