UK Is the depreciation of fixtures and fittings reported in the accounts?
- Thread starter Barca
- Start date
J
John Baker
On the balance sheet, each asset is reported at total cost.
Another account, under each asset classification, reports the accumulated depreciation.
A sub total of each asset classification - net usually follows.
A summary of all assets in total and net accumulated depreciation and/or adjustments can be stated.
I would suggest reviewing your standard practices and procedures, with respect to full disclosure.
Another account, under each asset classification, reports the accumulated depreciation.
A sub total of each asset classification - net usually follows.
A summary of all assets in total and net accumulated depreciation and/or adjustments can be stated.
I would suggest reviewing your standard practices and procedures, with respect to full disclosure.