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Explained the concept of depreciation and amortization?
Depreciation is the wear and tear charge allocated to specific fiscal year thorugh income statement for related fixed tangible assets while amortization is same as depreciation just it is done for intangible fixed assets.
What is the difference between amortization and depreciation?
Amortization usually refers to spreading an intangible asset's cost over that asset's useful life. Depreciation, on the other hand, refers to prorating a tangible asset's cost over that asset's life.Depreciation Is Applicable only on Fixed & Tangible Assets Which Depends on useful life of that assets that may be expected accurately but Amortization applicable on Intangible Assets whose life is very critical to be measured.DEPRECIATION is calculated for tangible assets while AMORTIZATION is calculated for intangible assets.
What is it called when matching the cost of an asset with the revenue it is expected to produced?
Depreciation or Amortization.
What assets are not subject to amortization depreciation depletion?
Land is not subject to depreciation, depletion, or amortization.
Is depreciation fixed cost?
Yes depreciation is fixed cost because it do not vary with the volume of production and remained fixed whether any production or not.
Explained the concept of depreciation and amortization?
Depreciation is the wear and tear charge allocated to specific fiscal year thorugh income statement for related fixed tangible assets while amortization is same as depreciation just it is done for intangible fixed assets.
What is the difference between amortization and depreciation?
Amortization usually refers to spreading an intangible asset's cost over that asset's useful life. Depreciation, on the other hand, refers to prorating a tangible asset's cost over that asset's life.Depreciation Is Applicable only on Fixed & Tangible Assets Which Depends on useful life of that assets that may be expected accurately but Amortization applicable on Intangible Assets whose life is very critical to be measured.DEPRECIATION is calculated for tangible assets while AMORTIZATION is calculated for intangible assets.
What is it called when matching the cost of an asset with the revenue it is expected to produced?
Depreciation or Amortization.
What assets are not subject to amortization depreciation depletion?
Land is not subject to depreciation, depletion, or amortization.
Is depreciation fixed cost?
Yes depreciation is fixed cost because it do not vary with the volume of production and remained fixed whether any production or not.
Is depreciation a controllable cost?
No. Depreciation would be considered an uncontrollable cost because it is fixed
Can you refer depreciation as fixed cost?
no
Is it depreciation variable cost or fixed cost?
depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.
Is depreciation a fixed cost?
Yes it is a fixed cost. Reason being that a fixed cost remains unchanged in total as the level of activity increases or decreases. Example of fixed costs include depreciation of plant and equipment, cost of council rates and rent.
Is depreciation on factory machinery fixed cost?
Yes
Is depreciation of sales facilities a fixed or variable expense when calculating contribution margin?
According to my text book, depreciation is a Fixed cost
Is depriciation a fixed cost?
Yes depreciation is a fixed cost of business which is an allocation of fixed asset cost over period of asset life.
