Explore: Current Expense

services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary

rather than treated as a current expense. The business then records depreciation expense in its financial reporting as the current period's allocation of

In accounting, a deferral is any account where the income or expense is not recognised until a future date. In accounting, deferral refers to the recognition

breakdown of the elements of the tax expense i.e. current tax (current year and prior year), deferred tax (current year and prior year). The exact disclosure

Deduct the expense previously recognized under the plan in prior periods. This is the compensation expense for SARs during the current period. (If the

The war of the currents was a series of events surrounding the introduction of competing electric power transmission systems in the late 1880s and early

increased on the balance sheet. On the other hand, an accrued expense is recognised as an expense on the income statement and represented as a liability on

depreciation expense = cost of fixed asset − residual value useful life of asset ( y e a r s ) {\displaystyle {\mbox{annual depreciation expense}}={{\mbox{cost

of recognition of cost recovery deductions (e.g., depreciation), current expensing of otherwise capitalizable costs of intangibles, and rules related

items like these is that the expense is considered capex if the financial benefit of the expenditure extends beyond the current fiscal year. Capital expenditures