{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

7.1 depreciation

7.1 depreciation - Term Definition What is depreciation A...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Term: What is depreciation? Definition: A charge: since a non-current asset has a cost, a limited life and a declining value, a charge is made in the income statement to reflect the use. Depreciation is a means of spreading the cost of a non current asset over its useful life. Term: Depreciation is a means of spreading the cost of a non current asset over its useful life. This matches the ___ against the period over which it earns ___ for the business (the ___ concept). Definition: cost; profit; accruals Term: since a non-current asset has a 1___,a
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern