ammortamenti anticipati ed eccedenti

English translation: accelerated and excess depreciation

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:ammortamenti anticipati ed eccedenti
English translation:accelerated and excess depreciation
Entered by: Paul O'Brien

06:57 Sep 27, 2020
Italian to English translations [PRO]
Bus/Financial - Finance (general)
Italian term or phrase: ammortamenti anticipati ed eccedenti
I've got yer "accelerated" bit but the yer "eccedenti" has got me.

TIA
Paul O'Brien
Argentina
Local time: 09:58
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.
Selected response from:

Adrian MM.
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1accelerated and excess depreciation / balancing / charges
Adrian MM.


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
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):
  • Entity may make transfers from revaluation surplus to retained earnings equal to excess depreciation at the end of every period. Excess depreciation is simply the difference between the depreciation charge calculated on revalued amount less depreciation
  • Accelerated depreciation is unlike the straight-line deprecation method, where the latter spreads the depreciation expenses evenly over the life of the asset.

    Reference: http://www.freeagent.com/glossary/balancing-charge/
    Reference: http://library.croneri.co.uk/cch_uk/dgaap/b17-5-7
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 77

Peer comments on this answer (and responses from the answerer)
agree  EirTranslations
9 hrs
  -> Grazie, gracias and thanks .
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