This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ... other product to make. Unless our sales department can get more business for the factory we had bettor be preparing for going into liquidation, rather than be declaring a dividend." The accountant was requested to answer the general manager, and he said: "The books never do tell the whole story. It is impossible that ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ... other product to make. Unless our sales department can get more business for the factory we had bettor be preparing for going into liquidation, rather than be declaring a dividend." The accountant was requested to answer the general manager, and he said: "The books never do tell the whole story. It is impossible that they can. They record the facts of actual transactions, such as the receipts and payments of cash, and the purchase and sale of goods; they record our guesses as to depreciation and depreciation reserve; but they do not record other things, such as appreciation of real estate and changes in market value of materials in store. Our apparent surplus of $16,000 is l: ased on the theory that the net value of real estate and equipment is $93,000, its actual depreciation below its original cost being the $37,000 accumulation in the reserve for depreciation account. This reserve account is based on a pure hypothesis, that 6 per cent per annum on original cost will cover the average depreciation on all the machinery, during the whole of its lite, including the depreciation due to obsolescence and inadequacy. It probably was fixed at this figure without any thought that the whole business of manufacturing engines was apt to become obsolescent, and that the heavier machines which might reasonably have been expected to have a life of 30 or 40 years would become out of date in less than 10 years. Whether or not the $37,000 in the reserve account covers the total depreciation at the present time cannot be told by any system of accounting. The only way to determine it is to have an appraisal made, and even an appraisal at the present time will only be an approximation to the true value of the heavy machines. They are an expense and not an asset if t...
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Add this copy of Bookkeeping and Cost Accounting for Factories to cart. $19.72, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2023 by Legare Street Press.
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Add this copy of Bookkeeping and Cost Accounting for Factories to cart. $42.67, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2023 by Legare Street Press.
