Amortization expense definition
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Fully Depreciated Asset: Definition, How It Happens, and Example
The depreciation cost is no longer recorded, resulting in cost savings. Plant assets are recorded at their cost and depreciation expense is recorded during their useful lives. The total amount depreciated each year, which is represented as a percentage, is called the depreciation rate. For example, if a company had $100,000 in total depreciation over […]
8 Best Practices to Improve your Accounts Receivable Management
Discover how to speed up your accounts receivable cash application to automatically match customer payments to invoices and reduce unapplied cash by up to 99%. This ratio tells you how many times you’re collecting your average accounts receivable balance. A higher ratio means that a company is collecting its receivables more quickly, which is a […]