英语翻译AccountingfordepreciationFixassets,withtheexceptionofland,losetheirability,overtime,toprovideservices.thus,thecostsoffixedassetssuchasequipmentandbuildingsshouldberecordedasanexpenseiscalleddepreciation.Bec

　　英语翻译

　　Accountingfordepreciation

　　Fixassets,withtheexceptionofland,losetheirability,overtime,toprovideservices.thus,thecostsoffixedassetssuchasequipmentandbuildingsshouldberecordedasanexpenseiscalleddepreciation.Becauselandhasanunlimitedlife,itisnotdepreciated.

　　Theadjustingentrytorecorddepreciationdebitsdepreciationexpenseandcreditsacontraassetaccountallowstheoriginalcosttoremainunchangedinthefixedassetaccount.

　　Depreciationcanbecausedbyphysicalorfunctionalfactors.

　　1.Physicaldepreciationfactorsincludewearandtearduringuseorfromexposuretoweather.

　　2.Functionaldepreciationfactorsincludeobsolescenceandchangesincustomerneedsthatcausetheassettonolongerprovideservicesforwhichitwasintended.Forexample,equipmentmaybecomeobsoleteduetochangingtechnology.

　　Twocommonmisunderstandingsexistaboutdepreciationasusedinaccountinginclude.

　　depreciation,unlikemostexpenses,doesnotrequireanoutlayofcashwhenitisrecorded.