temporary diminution in value

temporary diminution in value
A fall in the value of an asset that is only expected to be for the short term. Under historical-cost accounting, no adjustments are made for temporary diminutions (unless they become permanent).

Accounting dictionary. 2014.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • permanent diminution in value — A fall in the value of an asset that is unlikely to be reversed. The fixed asset must be shown in the balance sheet at the reduced amount, which will be the estimated recoverable amount. A provision has to be made through the profit and loss… …   Accounting dictionary

  • Regulatory taking — refers to a situation in which a government regulates a property to such a degree that the regulation effectively amounts to an exercise of the government s eminent domain power without actually divesting the property s owner of title to the… …   Wikipedia

  • Eminent domain — (United States), compulsory purchase (United Kingdom, New Zealand, Ireland), resumption/compulsory acquisition (Australia), or expropriation (South Africa and Canada) is an action of the state to seize a citizen s private property, expropriate… …   Wikipedia

  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… …   Universalium

  • Japan — /jeuh pan /, n. 1. a constitutional monarchy on a chain of islands off the E coast of Asia: main islands, Hokkaido, Honshu, Kyushu, and Shikoku. 125,716,637; 141,529 sq. mi. (366,560 sq. km). Cap.: Tokyo. Japanese, Nihon, Nippon. 2. Sea of, the… …   Universalium

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

  • Italy — • In ancient times Italy had several other names: it was called Saturnia, in honour of Saturn; Enotria, wine producing land; Ausonia, land of the Ausonians; Hesperia, land to the west (of Greece); Tyrrhenia, etc. The name Italy, which seems to… …   Catholic encyclopedia

  • ALIYAH AND ABSORPTION — GENERAL SURVEY Introduction Aliyah, ascension or going up, is the coming of Jews as individuals or in groups, from exile or diaspora to live in the Land of Israel. Those who go up for this purpose are known as olim – a term used in the Bible for… …   Encyclopedia of Judaism

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”