Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
6 Cards in this Set
- Front
- Back
|
amount paid plus taxes, shipping and other cost for putting into operation is the definition of
|
acquisition cost
|
|
|
length of time the pharmacy intends to use the asset is the definition of?
|
useful life
|
|
|
estimate of how much the asset will be worth at the end of its useful life is the definition of
|
residual or salvage value
|
|
|
What are the 3 methods of calculating depreciation
|
straight line method
sum of years digits double declining balance |
|
|
this method assumes assets wear out at a constant rate
|
straight line method
|
|
|
These two methods are accelerated methods of depreciation - assets lose more value early in life
|
sum of years digits
double declining balance |
