Category Bookkeeping

While a company might spend cash upfront to buy equipment, the depreciation expense appears spread out across multiple financial statements, reflecting how that equipment’s value decreases through use. While the IRS rules must be followed for tax depreciation, businesses can…

In addition, the company manufactures several hundred of its Spry product, which requires another 2,000 direct labor hours. The controller assigns $160,000 of factory overhead to this product (calculated as 2,000 hours x $80 plantwide rate). Thus, all factory overhead…

Straight-line depreciation provides a consistently low rate of depreciation over a period of years, rather than the larger deductions provided with the use of accelerated methods. This leads to lower deductions in the short-term that could have been taken advantage…

Debt financing offers businesses the opportunity to raise capital while retaining ownership and benefiting from tax deductions. However, it also comes with the burden of repayment obligations, increased financial risk, and potential strain on cash flow. The decision to take…

Vertical displays can be especially useful for items like store fixtures, where products need to be showcased from different angles. For example, tall slatwall units allow you to showcase multiple items while saving valuable floor space. Product grouping can also…

This number is a sign of hope and reassurance that all the hard work you’ve been putting in will eventually pay off. You should be confident and believe that your efforts will bring you success and abundance. In numerology, the…