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  2. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...

  3. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    An asset depreciation at 15% per year over 20 years. In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the ...

  4. Fixed asset - Wikipedia

    en.wikipedia.org/wiki/Fixed_asset

    A fixed asset, also known as long-lived assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that may not easily be converted into cash. [1] Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets are ...

  5. How to Make a Budget In Google Sheets - AOL

    www.aol.com/budget-google-sheets-140029973.html

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  6. Fixed asset register - Wikipedia

    en.wikipedia.org/wiki/Fixed_asset_register

    The main purpose of a fixed asset register is to keep track of the book value of the assets and determine depreciation to be calculated and recorded for management and taxation purposes. A secondary purpose is to allow for the easy identification of an asset by assigning each asset a unique ID which may be printed on labels in the form of a ...

  7. IAS 16 - Wikipedia

    en.wikipedia.org/wiki/IAS_16

    An asset should also be impaired in accordance with IAS 36 Impairment of Assets if its recoverable amount falls below its carrying amount. [1] Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use (estimate of future cash flows the entity expects to derive from the asset).

  8. Write off your mileage? The IRS expands the deduction for ...

    www.aol.com/write-off-mileage-irs-expands...

    The IRS has given at least one tiny glimmer of hope for your 2023 finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs.. See: The Best Month To ...

  9. Elon Musk calls for 'deleting' the Consumer Financial ... - AOL

    www.aol.com/finance/elon-musk-calls-deleting...

    Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more Read the latest financial and business news from Yahoo Finance Show ...