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Essay

Basic accounting concepts

Essay specific features

 

Issue:

Business

 

Written by:

David S

 

Date added:

April 13, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 895

 

Was viewed:

9998 times

 

Rating of current essay:

 
Essay content:

Such as : • Entity concepts • Money measurement concepts • Separate valuation principle The Going Concern Assumption The going concern assumption implies that the business will continue in operation for foreseeable future, and that there is no intention to put the company into liquidation or to make drastic cutbacks to the scale of operations...
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And it is expected to last that machine for 15 years. And the depreciation cost is set 10000 per year. According to going concern assumption it is assumed that the business will continue its operations and asset will live out its full 15 years in use. And depreciation charge of 10000 will be charged every year...
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