Rate of depreciation

In real estate practice, depreciation means the loss of value of real property brought about by age, physical deterioration, or functional or economic obsolescence. For the ...

depreciation

Banking; Investment banking

Also: amortization; write-off. (1) The gradual decrease in value of an asset through wear and tear or other factors limiting its usefulness. Fixed assets are depreciated in ...

depreciation

Professional careers; Sales

An allowance made in a balance sheet for wear and tear, a measure of the loss of value of a fixed asset because of use or obsolescence.

depreciation

Education; SAT vocabulary

A lowering in value or an underrating in worth.

share a term with millions

Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

define1

Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

segregation of duties

Accounting; Auditing

means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the ...

revenue cycle

Accounting; Auditing

The portion of a company that fills customer orders, accounts for receivables, and collects those receivables.

self-checking digit

Accounting; Auditing

An extra digit is added to a number. The extra digit is computed from the other digits in the number. The computer program can then check input by recomputing and comparing the ...

review

Accounting; Auditing

To examine again. The overall review of audit documentation is completed after field work. A peer review is a practice monitoring program in which audit documentation of one CPA ...