Assets and expenses are two important accounting concepts elemental to understanding your company’s performance. While both assets and expenses have a debit balance on your business’s financial ...

Discover the difference between fixed and sunk costs. Learn why all sunk costs are fixed but not all fixed costs are sunk, and understand the significance in financial decisions.

Plant assets are long-term fixed assets used in production, such as machinery and land. These assets are recorded at cost minus depreciation, impacting balance sheet values. Depreciation affects both ...