Accounting in the United States

    • intangible-assets-and-their-amortization-bizwise

      Intangible Assets and their Amortization

      Assets are often categorized as either tangible or intangible. While tangible assets like buildings and machinery are easy to understand, intangible assets are more elusive. In this blog post, we’ll explore intangible assets, why they matter, and how they…

    • applying-early-payment-discounts-on-quickbooks-online-bizwise

      Apply Early Payment Discounts in QuickBooks Online

      How to Apply Early Payment Discount on a Vendor Bill Intuit QuickBooks provides step-by-step instructions on to enter a discount on a vendor bill when they pay the invoice with QuickBooks Online. If a bill has already been created…

    • Fixed Assets and Their Depreciation

      What constitutes the total cost of a fixed asset: Also, assign to a fixed asset the cost of major periodic replacements. For example, an aircraft requires new engines and a building requires a new roof after a certain usage…

    • buildings-additions-and-improvements-bizwise

      Buildings: Additions and Improvements

      Additions to buildings are capitalizable if they increase the service potential of the related building.

    • land-capitalizable-costs-bizwise-v2

      Land: Capitalizable Costs

      Overview Land is generally considered to have an unlimited life and is therefore a non-depreciable asset. Its original cost includes various expenditures related to its acquisition and its preparation for use as intended by the buyer. Here are expenditures…

    • buildings-capitalizable-costs-bizwise

      Buildings: Capitalizable Costs

      Overview The cost of a building includes all necessary expenditures to acquire or construct and prepare the building for its intended use. Buildings consist of relatively permanent structures, including all permanently attached fixtures, machinery and other appurtenance that cannot…