Compound Interest The Most Powerful Force in the Universe?
It seems Einstein would not be too happy with the way people revere the most popular financial gurus. Fans of gurus will continue to stand up for their heroes despite displays of lack of character and lack of sense. Fans are invested in their heroes; to admit their guru isn’t perfect is to admit they […]
Continue ReadingSalvage Value Formula + Calculator
A depreciation schedule helps you with mapping out monthly or yearly depreciation. We can also define the salvage value as the amount that an asset is estimated to be worth at the end of its useful life. Research the market to find similar assets being sold at the end of their useful lives. Steps to […]
Continue ReadingLocal Bookkeeping Services
Their team is really responsive; they assist with any complicated accounting concerns. They keep our books up to date, and we also enrolled in the plan that includes income tax filing, which is excellent. And since tax time stress isn’t limited to tax season, year-round tax advisory services comes standard. First Month Bookkeeping Free! Schedule […]
Continue ReadingRent Receivable Journal Entry
The periodic cash payment is now being applied to reduce both the accrued interest and the balance of the lease liability as we amortize the present value of the remaining lease payments over the term of the lease. Under ASC 840, the lessee records the straight-line rent expense and captures any difference between the cash […]
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