Deloitte and Depreciation charge: Difference between pages

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imported>Doug Williamson
(Update and expand. Source: Deloitte webpage https://www2.deloitte.com/uk/en/legal/about-deloitte.html)
 
imported>Doug Williamson
(Create page. Sources: Linked pages.)
 
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Deloitte is the short name for Deloitte Touche Tohmatsu Ltd (DTTL), one of the 'Big 4' largest worldwide professional services organisations and auditors.
''Financial reporting - tangible fixed assets.''


'Deloitte' is the brand under which member firms collaborate to provide services to clients. These firms are members of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee.
Accounting depreciation spreads the cost of a long-term tangible asset over its total life.  


DTTL (also known as 'Deloitte Global') does not provide services to clients.  
The accounting ''charge for depreciation'' reflects:
* the estimated periodic cost to a business
* of a physical capital asset
* spread over its estimated useful economic life.
 
 
Also known as ''depreciation expense.''




== See also ==
== See also ==
*[[EY]]
* [[Accruals accounting]]
*[[KPMG]]
* [[Accumulated depreciation]]
*[[PwC]]
* [[Amortisation]]
*[[Big 4]]
* [[Appreciation]]
* [[Assets]]
* [[Capital allowances]]
* [[Capitalisation]]
* [[Cost]]
* [[Depreciation]]
* [[EBITDA]]
* [[Net book value]]
* [[Property, plant and equipment]]
* [[Provision for depreciation]]
* [[Reducing balance]]
* [[Straight line]]
* [[Sum of the digits]]
* [[Tangible asset]]
* [[Tax depreciation]]
* [[Writing down allowance]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]

Latest revision as of 21:40, 2 November 2021

Financial reporting - tangible fixed assets.

Accounting depreciation spreads the cost of a long-term tangible asset over its total life.

The accounting charge for depreciation reflects:

  • the estimated periodic cost to a business
  • of a physical capital asset
  • spread over its estimated useful economic life.


Also known as depreciation expense.


See also