GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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06:57 Sep 27, 2020 |
Italian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | accelerated and excess depreciation / balancing / charges |
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Discussion entries: 1 | |
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accelerated and excess depreciation / balancing / charges Explanation: Perhaps non-pro voters might care to expand and elaborate on balancing allowances and charges - as depreciation pluses and minuses - in UK writing-down / capital allowances of sole trader's - translator's & interpreter's - partnership or company's plant & equipment, as these are accountancy or revenu law exam-final issues. 'Journal Entry of “Revaluation Reserve Transfer“ As depreciation charged on revalued assets and historical assets is different, the IAS 16 permits a transfer to be made of of an amount equal to the excess depreciation from the revaluation reserve to retained earnings.' - suggesting the excess balancing charge is treated as a balancing allowance, so a profit and subject to capital gains tax in the UK. Example sentence(s):
Reference: http://www.freeagent.com/glossary/balancing-charge/ Reference: http://library.croneri.co.uk/cch_uk/dgaap/b17-5-7 |
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