Straight-Line Depreciation
Straight-line depreciation is a method where an asset’s cost is evenly spread over its useful life. It’s calculated as (Cost − Residual Value) ÷ Useful Life. This method is simple, predictable, and commonly used for assets like buildings, vehicles, and office equipment with consistent usage over time.
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Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. It’s the…
Service Revenue
Service revenue is income earned from providing services rather than selling physical goods. It is recognised when the service is…
Segment Reporting
Segment reporting breaks down a company’s financial results by business unit, geography, or product line. It enhances transparency and helps…
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