Unearned Revenue: What It Is, How It Is Recorded and Reported
That's because the company still owes a debt to the customer in the form of the product or service for which it was paid. Unearned revenue, also calls deferred revenues,…
That's because the company still owes a debt to the customer in the form of the product or service for which it was paid. Unearned revenue, also calls deferred revenues,…
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The depreciation for the computer for a full year is $2,000 ($5,000 × 0.40). You placed the computer in service in the fourth quarter of your tax year, so you…