V5 Global Services Accounts Payable Executive Interview Questions and Answers

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• There are three types of depreciation: straight-line, accelerated, and units of production.

• Straight-line depreciation is the simplest method, where the asset is depreciated by an equal amount each year.

• Accelerated depr...read more

Deferred revenue expense is when a company receives payment for goods or services that will be delivered in the future.

• Deferred revenue is a liability on the balance sheet

• The revenue is recognized as earned when the goods or services are delivered

• Examples include magazine subscriptions, software licenses, and prepaid rent

• Deferred revenue expense is the cost associated with delivering the goods or services

• It is recogniz...read more