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fixed asset

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accumulated depreciation

Overview page. Subjects: Economics.

The total amount of the depreciation written off the cost price or valuation of a fixed asset since it was brought into the balance sheet of an organization.

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asset classification

Overview page. Subjects: Accounting.

The classification of assets as required by law on a balance sheet. Assets must be classified as fixed (i.e. held for use on a continuing basis) or current (i.e. not intended for continuing...

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asset valuation

Overview page. Subjects: Financial Institutions and Services — Accounting.

1 The assessment of the value of assets, most usually by a present value calculation.

2 An assessment of the value at which the assets of an organization,...

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capital account

Overview page. Subjects: Financial Institutions and Services.

1 The record of an economy's annual investment and other capital flows. Sometimes called capital flows (cf. hot money).

2 The accounting entries for...

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capital asset

Overview page. Subjects: Economics.

Any of a range of assets used in an organization which have the character of permanency rather than being rapidly replaced; examples include land, buildings, investments, and plant and...

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capital commitments

Overview page. Subjects: Financial Institutions and Services.

1 Agreed but not disbursed expenditures on capital assets.

2 (USA) The funds invested by market-makers in securities held in inventory in which they make...

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capital employed

Overview page. Subjects: Financial Institutions and Services.

Either the sum of the shareholders' equity in a company and its long-term debts or the fixed assets of a company plus its working capital. Although this term is neither legally defined nor...

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capital expenditure

Overview page. Subjects: Financial Institutions and Services.

Spending on capital assets. In accounting methodologies, such assets are not treated as a charge against profits, but are represented at cost on the balance sheet and their value is...

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capital formation

Overview page. Subjects: Economics.

The process of adding to the stock of real productive equipment of an enterprise, either by constructing it, or, more often, by buying it from outside suppliers.

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capital intensive

Overview page. Subjects: Economics.

Those industries which require a large investment in fixed assets. Typical examples are steel, electricity generation, and so forth. Also called heavy industry.

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carriage inwards

Overview page. Subjects: Accounting.

Delivery costs of goods purchased. If the costs relate to fixed assets, they may be capitalized with the cost of the fixed asset on the balance sheet.

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carrying amount

Overview page. Subjects: Financial Institutions and Services — Accounting.

The balance-sheet value of an asset or liability. For example, a fixed asset, such as a building, will be shown at the historical cost less the accumulated depreciation to date, using the...

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cash inflows

Overview page. Subjects: Financial Institutions and Services — Accounting.

The cash receipts of a business. Cash inflows arise from transactions such as sales of trading stock, receipts from debtors for credit sales, and disposals of fixed assets.

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current assets

Overview page. Subjects: Accounting.

Those assets of an organization that are constantly changing their form as they circulate from cash to goods and back to cash again. Cash is used to purchase raw materials, which become...

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depreciable amount

Overview page. Subjects: Accounting.

The value of a fixed asset used as the basis for calculating the depreciation charge for the period. When using the diminishing-balance method of depreciation, the depreciable amount is the...

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depreciation

Overview page. Subjects: Financial Institutions and Services.

1 An amount charged to the profit and loss account of an organization to represent the wearing out or diminution in value of an asset. The amount charged is normally based on a...

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depreciation rate

Overview page. Subjects: Accounting.

The percentage rate used in the straight-line method and diminishing-balance method of depreciation in order to determine the amount of depreciation that should be written off a fixed asset...

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diminishing-balance method

Overview page. Subjects: Accounting.

A method of computing the depreciation of a fixed asset in an accounting period, in which the percentage to be charged against income is based on the depreciated value at the beginning of...

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economic value

Overview page. Subjects: Financial Institutions and Services — Accounting.

The present value of expected future cash flows. For example, the economic value of a fixed asset would be the present value of any future revenues it is expected to generate, less the...

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financial assets

Overview page. Subjects: Economics.

Money and claims, as distinct from physical assets such as land, buildings, or equipment. Financial assets include money, securities constituting a claim to receive money, such as bills or...

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