A plant asset's cost less its accumulated depreciation.

A period that begins on January 1 and ends on December 31.

Contra asset account.

An asset that will be assigned to expense at a later date.

A time period into which an entity's life is arbitrarily divided for financial reporting purposes.

Made at the end of an accounting period to reflect economic activity that has taken place but has not yet been recorded.

Recognizes revenues when cash is received and recognizes expenses when cash is paid out.

An asset that exists at the end of an accounting period but has not yet been recorded.

The expense resulting from a plant equipemnt's expiration of usefulness.

The estimated number of time periods that a company expects to make use of a plant asset.

A period of any twelve consecutive months used as an accounting period.

Cash received in advance for goods and services to be delivered at a later date.