Unit of Production method calculates the depreciation for the asset when the asset’s value is closely related to the number of units produced| Deskera Blog
The straight-line depreciation method depreciates the value of an asset gradually, and linearly, over the years it is used.| Deskera Blog
Want to learn how to make the perfect journal entry? Learn everything there is to know about journal entries, and how to use accounting software to make them.| Deskera Blog
An element or resource that is not physical but assigns a considerable value to a company is called an intangible asset. Besides this definition, this post offers insights in: * Description of Intangible asset * Difference between Tangible and Intangible assets * Types of Intangible assets * Characteristics of Intangible assets * How to value| Deskera Blog
Salvage value is defined as the book value of the asset once the depreciation has been completely expensed.| Deskera Blog
A depreciation schedule is a table that represents how much an asset’s value has been used up over the years.| Deskera Blog
A complete description of the physical assets that are responsible for your personal or business cash flow is now termed as tangible assets.| Deskera Blog
Amortization is a technique to calculate the progressive utilization of intangible assets like software, patent or copyright in a company.| Deskera Blog
What is an asset? How to identify assets? Types of assets. How to calculate assets? What is the debt to asset ratio? How to calculate return on assets?| Deskera Blog
The general ledger is a recording-keeping system of a company’s financial transactions. Read our guide to learn how to create a ledger for your business.| Deskera Blog
Financial reporting is an accounting practice that uses financial statements to disclose important information about the financial health of a business.| Deskera Blog
Revenue is also referred to as sales revenue. Revenue is the amount of gross income gained through sales of items, products, or services.| Deskera Blog
