Flashcards
chapter 17 terms
Flashcards do conjunto (18)
- 1(acrs)tax law enacted in 1981 for assets put in service from 1981 through 1986
- 2accelerated depreciationcomputes more depreciation expense in the early years of the assets life than in the later years
- 3accumulated depreciationamount of depreciation on plant and equipment assets
- 4asset costamount company paid for the asset
- 5book valuecost less accumulated depreciation
- 6declining balance methodaccelerated method of depreciation the depreciation each year is calculated by book value beginning each year times the rate
- 7depreciationprocess of allocating the cost of an asset over the assets estimated life
- 8depreciation expenseprocess involving asset cost, estimated useful lfie and residual value
- 9depreciation scheduletable showing amount of depreciation expense accumulated depreciation and book value for each period of time for a plant asset
- 10estimated useful lifehow long asset will be in use
- 11GDS(MACRS) depreciation
- 12MACRSpart of tax reform act of 1986 that revised depreciation schedules af acrs.
- 13residual valueestimated value of a plant asset after depreciation is taken
- 14salvage valuecost less accumulated depreciation
- 15straight line methodmethod of depreciation that spreads an equal amount of depreciation each year over the life of the assets
- 16straight line rateone divided by number of years of expected life
- 17trade in valueestimated value of plant asset after depreciation is taken
- 18units of production methoddepreciation method that estimates amount of depreciation based on usage
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- undergraduate class bus quant methods FlashCards sobre chapter 17 terms, criado por GIO CONTRERAS em 27-09-2025.
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- GIO CONTRERAS
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