Depreciation and Amortization
Business, Commerce, Differences, Tax

Difference Between Depreciation and Amortization?

A gradual decrease in the value of an asset through wear and tear and obsolescence is called the depreciation. For example, Plant, machinery, building, furniture, computer hardware, road, railway line, bridge, airport, dams etc. A decrease in the value of an intangible asset is called amortization. Intangible asset means any patent, invention, design, copyright, trademark, computer software, motion picture film,…

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Economic Activities And Non-Economic Activities
Business, Commerce, Economics

Economic Activities And Non-Economic Activities

Economic Activities: These include all commercial and industrial activities which are connected with the production and or acquisition of wealth. These are also known as productive activities and are consisted of production and distribution of goods and services for earning a profit. Types of Economic Activities:  Economic activities can be classified into three types.     Business Profession Employment 1. Business All…

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Accumulated Profit (Earning)
Business, Commerce, Tax

What is Accumulated Profit (Earning)?

Accumulated profits (earning) play a vital role in the distribution of dividend. So, many businesses prefer to set aside a portion of their earned profit for future use. Any reserve maintained by a company out of its profit is called accumulated profit. It may be used for a general purpose in future or may ultimately be distributed amongst the shareholders…

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