A balance sheet is a versatile ... often split into current assets — bank accounts, inventory and other things that could easily be converted into cash — and fixed assets — buildings ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

Accumulated depreciation appears in a contra account on the balance sheet reducing the gross value of fixed assets reported. Accumulated depreciation represents the sum of all depreciation ...

Spotting creative accounting practices on the balance sheet can be broken down into three categories for analysis: assets ... spikes in inventory values. The gross profit ratio can also be ...

Accumulated depreciation appears in a contra account on the balance sheet reducing the gross value of fixed assets reported.

Financial statements include the balance sheet, income statement ... Depreciation results when a company purchases a fixed asset and expenses it over the entire period of its planned use, not ...