The value of PPE between companies varies substantially according to the nature of its business For example a construction company will generally have a significantly higher property plant and equipment balance than an accounting firm does What Classifies as Property Plant and Equipment? Aug 10 2019Research and Development Accounting The basic problem with research and development expenditures is that the future benefits associated with them are sufficiently uncertain that it is difficult to record them as an asset Given these uncertainties GAAP mandates that all research and development expenditures be charged to expense as incurred
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A quarry business requires sufficient planning for it to succeed You have to deal with numerous environmental laws and business hurdles along the way It becomes easier if you are familiar with the industry because you understand the basic operational procedures Without experience you may need the assistance of
Jun 25 2019If your business is not incorporated for example a sole proprietorship or partnership an asset sale is the only selling option as there are no share certificates of ownership to transfer in a sale To determine a selling price for the business the different assets of the business
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A chart of accounts is a list of all accounts used by a company in its accounting system It makes the bookkeeper's work easier The accounts included in the chart of accounts must be used consistently to prevent clerical or technical errors in the accounting system Take note however that the chart of accounts vary from company to company
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Apr 10 2016Bering Rock acquires a granite quarry at a cost of $590 000 which is estimated to contain 200 000 tons of granite and is expected to take 6 years to remove Compute the depletion expense for the first year assuming 38 000 tons were removed (I GOT $112 100 IS THIS CORRECT?) $98 333 $93 158 $38 000 $12 881 $112 100
Aug 10 2019Research and Development Accounting The basic problem with research and development expenditures is that the future benefits associated with them are sufficiently uncertain that it is difficult to record them as an asset Given these uncertainties GAAP mandates that all research and development expenditures be charged to expense as incurred
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Sand and gravel enterprises operate in one of two main ways they either limit the scope of their business to the storage and delivery of sand rock and gravel or they take part in the actual quarrying and manufacture of the raw material The success of both types of sand and gravel companies
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