Fixed Asset Disclosures Explained

Fixed asset disclosures refer to the information that a company provides in its financial statements and accompanying notes about its fixed assets, also known as property, plant, and equipment...

Asset Impairment Explained

Asset impairment refers to a situation where the carrying amount of a fixed asset on a company's balance sheet exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair...

How Contributed Services are Valued

Valuation of contributed services in the context of nonprofit organizations involves assigning a monetary value to services that individuals or organizations provide to the nonprofit without charge....