Tangible Assets

Accrued Depreciation
Accrued depreciation refers to the total amount of depreciation that has been recorded for an asset up to a specific point in time, reflecting the reduction in value due to wear and tear, obsolescence, or other factors.
Asset-Backed Fund
An Asset-Backed Fund involves investing in tangible or corporate assets, such as property or shares, providing potential growth aligned with inflation, in contrast to traditional bank savings.
Balance Sheet Asset Value
The value of an asset as represented on the balance sheet, detailing how various types of assets are recorded considering depreciation, amortization, and valuation methods like fair value accounting.
Book Depreciation
Book depreciation, also known as accounting depreciation, refers to the allocation of the cost of tangible assets over their useful lives, reflecting the wear and tear, deterioration, or obsolescence of these assets.
Business Value
Business value encompasses the total worth of a business, considering both tangible and intangible assets. It represents the value above the mere physical assets, including elements such as goodwill and going-concern value.
Chattel
Chattel refers to tangible, movable personal property, as opposed to real property, which is immovable. Examples of chattel include goods, vehicles, and furniture.
Composite Depreciation
Composite depreciation is a method where a single depreciation rate is applied to an entire asset, despite its components having varying useful lives.
Depreciable Asset
A fixed asset that is subject to depreciation to account for its loss in value over time. Depreciation is a systematic process of expensing the cost of tangible assets over their useful lives.
Depreciation
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It reflects the asset's usage, wear and tear, or obsolescence.
Depreciation
Depreciation refers to the methodical reduction in the recorded cost of a tangible fixed asset, allocated over its useful life. It is a key accounting concept employed to denote the impairment of value of assets over time due to wear and tear, age, or obsolescence.
Fixed Assets
Fixed assets are long-term assets used in the operations of a business, such as land, buildings, machinery, and equipment. These assets are essential for production and business operations and are classified in various ways on the balance sheet.
Fixed-Asset Investment
Fixed-asset investment refers to the expenditure on tangible assets that are likely to have a life of more than one year. These investments are essential for business operations and often include property, machinery, and infrastructure.
Furniture, Fixtures, and Equipment (FF&E)
Furniture, Fixtures, and Equipment (FF&E) are tangible assets that businesses use to enrich their operations. Unlike real property, these items are typically moveable and are not permanently affixed to buildings.
Intrinsic Value
Intrinsic value refers to both the inherent worth of a physical asset and the theoretical valuation of an asset derived from fundamental analysis.
Personalty
Personalty, also known as personal property, refers to any movable property that is not affixed to land or real estate. It includes items such as cash, furniture, vehicles, and other tangible objects.
Property, Plant, and Equipment (PP&E)
Property, Plant, and Equipment (PP&E) are tangible fixed assets used in operating a business. This category includes land, buildings, machinery, fixtures, and other types of equipment that are expected to be used over multiple accounting periods.
Tangible Assets
Tangible assets are physical items that hold value and can be seen and touched, used by businesses to generate revenue.
Weightless Business
A business model characterized by minimal reliance on tangible assets, primarily involving internet trading and the exchange of ideas and information.

Accounting Terms Lexicon

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