In accounting, encumbrance is a commitment to spend a certain amount of money for a particular purpose at a certain...
A depreciation that involves an increase in the value of a fixed asset over time, rather than a decrease as...
An economic depreciation that reflects an increase in the cash flows or capital return generated, or expected to be generated,...
In normal situations, economic depreciation implies a decrease in asset values (in this sense, it is better described as positive...
A type of depreciation that reflects the decline in an asset’s market value as a result of economic factors, such...
An acronym for non-cash charge; an expense/ charge that does not involve a cash transaction- that is, it constitutes no...
The increase in the value of a financial or physical asset over its normal life-time or a specific period of…
Another casual name for the accelerated cost recovery system (ACRS). It is a tax accounting technique that determines the rate...
It stands for accelerated cost recovery system; a system of asset depreciation, for tax purposes, that determines the rate of...
A system of depreciation that entails higher depreciation expenses in the early years of the life of an asset, for...