accrued asset
An asset arising from revenues earned but not yet due.
Search Results for: accrued asset
augmented estate
A refinement of the elective share to which a surviving spouse is entitled, whereby the “fair share” is identified as something other than the traditional one-third of the probate estate. • The current version of the Uniform Probate Code uses a sliding scale that increases with each year of marriage. Under the UPC, a surviving
depreciation
depreciation (di-pree-shee-ay-sh[schwa]n), n. A decline in an asset’s value because of use, wear, or obsolescence. Cf. APPRECIATION; AMORTIZATION(2). — depreciate, vb. — depreciable, adj. accumulated depreciation. The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued
accumulated depreciation
The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued depreciation.
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