asset account in Germany
asset account [æsetəkaunt] Aktivkonto, Bestandskonto
Sentence patterns related to "asset account"
Below are sample sentences containing the word "asset account" from the English - Germany Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "asset account", or refer to the context using the word "asset account" in the English - Germany Dictionary.
1. Accumulated depreciation is an asset account with a credit balance known as a long-term contra asset account that is reported on the balance sheet under the heading Property, Plant and Equipment
2. Yes, the Accumulated Depreciation would be a negative number, always as a Contra Asset account
3. Accumulated depreciation is the cumulative depreciation of an asset up to a single point in its life. Accumulated depreciation is a contra asset account, meaning its natural balance is a credit