Assertion: asset | /r/HasProperty | purchased
Facets:
Source sentences:
text: Value or depreciation of an asset is not related to the way the asset was purchased.
text: Current assets: You can't depreciate assets that are purchased and disposed of in the same year.
text: When an asset is purchased, an asset account receives the debit and Cash often receives the credit as shown in the image below.
text: By knowing the useful life of an asset, a business can work out how to allot the initial cost of the asset, ensuring the initial cost is spread across all relevant accounting periods rather than unfairly weighted in the period the asset was purchased.
text: Depreciation helps a company avoid a significant cash outlay in the year the asset is purchased.
text: Since company assets require a great deal of investment, management spends much of its time deciding what assets to purchase and when assets should be purchased or leased.