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Hello, I'm currently reviewing our auditors adjusting entries and have a question concerning calculating the loss on sale of disposal. If I buy a truck on Jan 1 2014, and it gets...
An RMA is issued and the inventory is sent to customer before they've returned the items to us. How are folks accounting for this inventory in transit? (well, RMA in transit). Our...
NFP: Setting up depreciation schedule fo newly constructed building that is now in use as of current year end.
Anonymous(Sr. Project Accountant)
We recently constructed a new building that we moved into and is now open for its intended use. We have been putting all CIP into about 10 different balance sheet accounts (...
Valuation of balance sheet accounts when preparing foa an asset purchase presents unusual dynamics under percentage of completion accounting for long term projects.