In fact, QBO help suggests, "To handle the amortization of intangible assets, you can create a journal entry to deplete it." The monthly expense of that asset is from a journal entry, and I still want to be able to see which vendor the expense was relate...
➢ Intangible assets – amortization expense Dr: amortization expense Cr: Accumulated amortization ➢ Intangible assets – goodwill Dr: Assets $FV of assets Dr: Goodwill $GW = Purchase price – (FV of assets – FV of liabilities) Cr: Liabilities $FV of liabilities Cr: Cash $Purchase price...
Library Hi Tech is concerned with technology-assisted information systems that support libraries & cultural memory... The Electronic Library The Electronic Library explores information organization for knowledge creation, discovery, access, and sharing. We are......
1. What is a Journal entry? A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiaryledgerthat is then summarized and rolled forward into the...
asset is to recognize a portion of theasset's expenseat the same time the company records the fixed asset's revenue. The depreciation journal entry can be a simple entry that facilitates all types of fixed assets, or it can be broken down into separate entries for each type of tangible ...
And how do you record the journal entry for reversal of impairment? Impairment: When the fair market value of the asset is higher than its carrying value, then the asset impairment takes place. There is a requirement to test the assets fo...
Spaciousness is what’s inviting, refreshing, most complementary of architecture around an entry, enduring—and most often missing in modern landscapes. So plan for equal amounts space and plants at an entry. Give every plant or group of like plants room so that even at maturity it will not...
Capitalized interest is included in the cost of the qualifying assets using the following journal entry:Qualifying Asset XXXXX Interest Expense XXXXXExampleKPK Infrastructures, Inc. (KPKI) is a company set up to build, own and operate all key public infrastructure projects in KPK. On 1 January...
DefinitionGoodwill Impairment TestExample: journal entry Home Accounting Business Combinations Goodwill Impairment Goodwill ImpairmentGoodwill impairment is when the carrying value of goodwill exceeds its fair value. Goodwill is tested for impairment at least annually and the amount by which its carrying...
Returns to scale, firm entry, and the business cycle 规模回报、企业进入和商业周期 Vladimir Smirnyagin In the U.S. data, aggregate financial conditions play an important role in accounting for the formation of firms with high returns to scale. A version of a firm dynamics model with financial...