accounting for depreciation to date of disposal when selling or otherwise disposing of a plant asset a firm must record the depreciation up to the date of sale or disposal. for example if it sold an asset on april 1 and last recorded depreciation on december 31 the company should record depreciation for three months january 1april 1.
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m/s laxmi stone crusher is a proprietorship firm is established to carry out the business of manufacturing of stone chips. shri praveen mashi is the proprietor of the firm.
accounting for property plant and equipment . the accounting for property plant and equipment is primarily concerned with determining the cost used up in any given period depreciation expense and the dollar amount to report as an asset on the balance sheet at the end of the period.
the allowance for doubtful accounts is a contraasset account since its balance is intended to be a credit balance or a zero balance. when the balance in this account is combined with the balance in accounts receivable the resulting amount is known as the net realizable value of the receivables.
chapter 14. in operating a quarry and crushing plant the drilling pattern the amount of explosives the size shovel or loader used to load the stone and the size of the primary crusher should be coordinated to assure that all stone from the quarry can be economically utilized. chapter 14. chapter 14.
if you want a career in accounting accounting public accounting firms consist of accountants whose job is serving business individuals governments & nonprofit by preparing financial statements taxes t accounts may be your new best friend. the t account is a visual representation of individual accounts that looks like a t so that all additions and subtractions debits and credits to the account can be
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taccounts format account balances by keeping the debits on the left side and the credits on the right. the overall account balance is then calculated at the bottom. taccounts also have a title or heading that displays the name and number of the account. here is an example of a taccount. accounts can also be displayed as a listing of transactions in the general ledger.
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what is pp&e property plant and equipment? property plant and equipment pp&e is a noncurrent tangible capital asset shown on the balance sheet balance sheet the balance sheet is one of the three fundamental financial statements. these statements are key to both financial modeling and accounting.
with the rapid development of mining technology the cone crusher can be divided into four types: compound cone crusher spring cone crusher hydraulic cone crusher and gyratory crusher.
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this plant manager job description template is optimized for posting on online job boards or careers pages and is easy to customize for your company.. plant manager responsibilities. planning organizing directing and running optimum daytoday operations to exceed our customers expectations
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