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The fair market value of an asset is the amount or value a company expects to get on the disposal of the asset. For example, a company vehicle encountered an accident and is now out of order. The book value of this vehicle is still showing some worth of this asset, but its market price …

Part 31 Contract Cost Principles and Procedures Read More »

Discover how to simplify personal loans with minimal documentation, instant approvals, and hassle-free processes. These are the revenue patterns you should consider when deciding whether to implement either fixed or variable budgets. Flexible budgets’ emphasis on cost behavior supports more accurate budgeting as activity fluctuates. If you’re using a flexible budget, you want to be …

Fixed Vs Flexible Budget : An Overview of Differences With Table Read More »

For example, a contra accumulated depreciation account can offset a fixed asset. Whereas assets normally have positive debit balances, contra assets, though still reported along with other assets, have an what is the liability to equity ratio of chester opposite type of natural balance. Contra equity reduces the total number of outstanding shares on the …

Contra Revenue: Streamlining Returns, Discounts, & Allowances Read More »