GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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13:30 Sep 20, 2016 |
Norwegian to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: Paul Lambert Sweden Local time: 06:20 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +2 | depreciation x impairment |
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3 +2 | depreciation, write down |
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5 | depreciation/amortisation |
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4 -1 | write-off vs. write-down |
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Discussion entries: 1 | |
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depreciation x impairment Explanation: Depreciation is usually scheduled over time and refers only to the fall in value of an asset associated with the passage of years. Impairment is a real loss in value based on actual information that the value of an asset has fallen in real terms of resale/recovery value. |
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Grading comment
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7 mins confidence: peer agreement (net): +2
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