FASB's current definition of depreciation
Not what you're looking for?
FASB ASC Research
For each of the following research cases, search the FASB ASC database for information to address the issues. Cut and paste the FASB paragraphs that support your responses. Then summarize briefly what your responses are, citing the pronouncements and paragraphs used to support your responses.
FASB ASC 9-1 Depreciation
Several pronouncements by authoritative accounting bodies deal with depreciation.
List the pronouncements dealing with depreciation. What is the FASB's current definition of depreciation?
Purchase this Solution
Solution Summary
Discusses depreciation.
Solution Preview
Please see the attached file(s) for the complete tutorial.
The Codification specifically 360-10-35-2 states that the depreciation expense related to an asset shall be directly related to that asset's useful life. I could have ...
Purchase this Solution
Free BrainMass Quizzes
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Motivation
This tests some key elements of major motivation theories.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.