When a fixed asset is capitalized at the time of installation, it simply means that the asset's total cost is gradually "depreciated," or amortized over future periods instead of expensing the total ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Amy is an ACA and the CEO and founder of ...

If you run a business that uses depreciable fixed assets and you prepare financial statements in accordance with generally accepted accounting principles, impairment of an asset can impact your ...

TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. 143, Accounting for Asset Retirement Obligations. The statement ...

GASB issued guidance that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. Statement No. 104, Disclosure of Certain Capital ...

Charities blend nonprofit missions with for-profit strategies for clarity in financial reporting. Understanding the statement of activities helps track net assets in charities. Calculate a charity's ...