Bookkeeping
These operational costs, along with other recurring expenses like rent, need to be accrued to match the expense with the period of use (Coursera). The bonus is paid in 2018 based on 2017 results of operations as shown on the audited financial statements. Under GAAP,...
Bookkeeping
So, in the first year, the company would record a depreciation expense of $4,000. As a result, at the end of the first year, the book value of the machinery would be reduced to $6,000 ($10,000 – $4,000). Our solution has the ability to record transactions, which will...
