Posted by Southwest Beverages on 2/17/2015
All tangible assets (also known as capital assets) of the company are assets employed by the business to generate current or future revenues of the company. As such the assets historical cost (unexpired cost) must be spread out over its useful life to match the revenue which it will produce. Accordingly, depreciation expense is an expired cost and as such is recorded as an operating expense of the business which reduces the company’s net income; correspondingly it will reduce the fixed assets of the company by the same amount. There are 4 methods of calculating depreciation expense: The straight line method, the double declining balance method, the sum of the year’s digits method and the units of production method.
Posted by Southwest Beverages on 2/12/2015
Valentines Day-February 14th, that day of the
year when roses, dinner, red heart shaped boxes of chocolates, cards and
romance are but a few of the “heart-felt” gestures used to express love and
affection to your “Valentine”.
That day of the year when approximately 150
million greeting cards are exchanged and 189 million stems of roses are given. So
how did Valentines Day come about? How did Valentines Day get its name? Why is
Valentines Day celebrated on February 14th? What is the meaning
behind giving roses? Behind giving greeting cards? What is the significance of
the red heart? And where did the saying, “From your Valentine” originate?