A company cannot deduct the entire cost of a long-lived asset -- one with a lifetime more than one year long -- all at once. Rather, it must space out the deductions over the useful lifetime of the ...

If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible assets on your accounting records. Specific ...

Capital assets are those that are expected to generate value for a company over an extended period of time. Common examples of capital assets include manufacturing equipment, computers, and vehicles.

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function. TO ESTABLISH A SINGLE ...

The board that sets U.S. accounting rules voted yesterday to let financial firms report higher values for some troubled assets, a controversial step likely to increase some banks' reported earnings ...

Capital assets are those that are expected to generate value for a company over an extended period of time. Common examples of capital assets include manufacturing equipment, computers, and vehicles.