ATP Definition

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ATP is an acronym for After Tax Profit, Accredited Tax Preparer, and possibly more.

Learn new Accounting Terms

COST PRINCIPLE is the principle where a company is obliged to record its fixed assets at their actual purchase price or production cost.

DEPRECIATION EXPENSE is the amount deducted from gross profit to allow for a reduction in the value of something because of its age or how much it has been used. When you buy and own equipment, your business may be entitled to deduct a depreciation expense.

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