Accumulated Depreciation
Accumulated depreciation is the total depreciation expense recorded on an asset since its purchase. It reduces the asset’s book value on the balance sheet, reflecting wear and tear or obsolescence. By tracking accumulated depreciation, businesses align asset values with usage over time, ensuring accurate financial reporting and tax calculations.
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Acid-Test Ratio
The acid-test ratio, also called the quick ratio, evaluates a company's short-term liquidity by measuring its ability to pay current…
Accounts Payable Turnover Ratio
The accounts payable turnover ratio measures how quickly a company pays its suppliers within a period. Calculated by dividing net…
Accounting Ratio
An accounting ratio is a numerical comparison derived from financial statements to evaluate a company's performance, efficiency, or liquidity. Ratios…
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