MANUFACTURING CONCERN Definition

Bookmark and Share

MANUFACTURING CONCERN is an entity that derives its products for sale, thereby revenue, through the direct manufacture of those products.

Learn new Accounting Terms

DEPRECIATION ALLOCATION is the allocation of the cost of capital expenditures so that revenue is matched with expenses for items that will last more than one year (land is not depreciable). The methodology is to allocate plant and equipment cost to expense through the use of accelerated, straight line and units of production amortization methods; as well as the disposal of assets; and, repairs and betterments to assets.

EXPENSE is the amount of assets or services used during a period.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.