asset account in a sentence
1) US dollar assets accounted for 64%.
asset collocations
2) No other transactions impacted long-term asset accounts during 2007.
3) Asset accounts indicate the financial value of everything the company owns.
asset account example sentences
4) Cash in Bank is an asset account .5) Its assets accounted for around only £13,000.
6) The internal balances account will be reported as an asset account .
7) Conversely, a decrease to an asset account is a credit.
8) Korea's financial assets account for eight times Korea's GDP.
9) It instead goes into an asset account (usually called Inventory).
10) Delivery Equipment is an asset account .
11) Office Equipment is an asset account .
12) The assets in each general asset account are depreciated as a single asset.
13) Accounts Receivable and Cash in Bank are asset accounts . 3.
14) Computer Equipment and Cash in Bank are both asset accounts . 3.
15) Both accounts Receivable and Office Equipment are asset accounts . 3.
example sentences with asset account
16) All asset accounts are extended to the Balance Sheet section. ____ 38.17) Different rules apply to dispositions of property you depreciated using a general asset account .
18) Accumulated Depreciation is a contra asset account and behaves the opposite of asset accounts.
19) Accumulated Depreciation is a contra asset account and behaves the opposite of asset accounts .
20) The cost of the unused supplies remains on the balance sheet in the asset account Supplies.
21) For more information on depreciating property in a general asset account , see Pub. 946.
22) Below is an example of what a ledger account looks like for a non current asset account .
23) When a company acquires an asset, the asset account is debited and the source account is credited.
24) Depreciation expense equals the composite depreciation rate times the balance in the asset account (historical cost).
25) On the other side, the expense is offset against the barter asset account when the service is received.
26) On the December 31 balance sheet, Marilyn tells him, in an asset account called Prepaid Insurance .
27) This is because, as a current asset account , it increased by $255 million during the year.
28) Short-term assets account for around 5 per cent of total assets, and have been becoming more important in recent years.
How to use asset account in a sentence
29) Credit cards for people with excellent credit o apr The allowance for bad debt accounts is called a contra asset account .30) Its highest priority is asset accounts , and with respect to the environment, a particular record of environmental protection expenditures.
31) When an asset is sold, debit cash for the amount received and credit the asset account for its original cost.
32) To record an asset's value reduction, a bookkeeper debits the impairment loss account and credits the corresponding asset account .
33) Balances of both depreciation reserve and asset accounts are carried forward to the end of the useful life of the asset.
34) The unadjusted depreciable basis and depreciation reserve of the general asset account are not affected as a result of a disposition.
35) Upon completion, these costs will be transferred to the proper capital asset account as the acquisition cost of the item.
36) To simplify the computation of MACRS depreciation, you can elect to group assets into one or more general asset accounts .
37) The basic asset accounts you will need are Cash, Checking, accounts Receivable, Deferred Expenses and Fixed Assets.
38) Debits increase balances in asset accounts and expense accounts and decrease balances in liability accounts, revenue accounts, and capital accounts.
39) The Electronic Funds Transfer Act applies to mobile banking or mobile payment transactions made via electronic fund transfers using a consumer's asset account .
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