Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
An organization obtains gear by marking a note payable. The company ought to record the equipment an in the event that the note does not bear interest.
What does it mean when an asset loses a lot of value and is written down?
As a result, depreciation is the process of reallocating, or "writing down," the cost of a tangible asset (such as equipment) over its useful life. Long-term assets are depreciated by businesses for accounting and tax purposes.
The difference between the asset's book value and its fair value is recognized as a gain or loss.
To learn more about bear interest here
https://brainly.com/question/14184995
#SPJ4
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.
