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  2. Expenses versus capital expenditures - Wikipedia

    en.wikipedia.org/wiki/Expenses_versus_Capital...

    The taxpayer argued that the costs of installation were deductible and the tax court agreed. The costs of installation only permitted the taxpayer to continue the plant’s operation. The expenses did not add to the value of the business or permit the taxpayer to make new uses of the basement. 4.

  3. Furniture, fixtures and equipment (accounting) - Wikipedia

    en.wikipedia.org/wiki/Furniture,_fixtures_and...

    These items depreciate substantially but are important costs to consider when valuing a company, especially in liquidation. Examples of FF&E include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions. Sometimes the term FF&A is used (furniture, fixtures, and accessories).

  4. Revenue recognition - Wikipedia

    en.wikipedia.org/wiki/Revenue_recognition

    The method used for determining revenue of a long-term contract can be complex. Usually two methods are employed to calculate the percentage of completion: (i) by calculating the percentage of accumulated cost incurred to the total budgeted cost; (ii) by determining the percentage of deliverable completed as a percentage of total deliverable.

  5. Cost - Wikipedia

    en.wikipedia.org/wiki/Cost

    Social costs are the sum of private costs and external costs. [ 7 ] For example, the manufacturing cost of a car (i.e., the costs of buying inputs, land tax rates for the car plant, overhead costs of running the plant and labor costs) reflects the private cost for the manufacturer (in some ways, normal profit can also be seen as a cost of ...

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